• The property must be in England, Scotland, Wales or Northern Ireland.

• A residential property which will not be used by the applicant or their family at any time. 

• The Energy Performance Certificate (EPC) for the property must show a minimum rating of E. We will need to see a valid EPC on the EPC registers, see- The England, Wales & Northern Ireland Register or The Scotland Register.
• Properties subject to a Selective Licensing Scheme can be considered subject to valuer’s comments on their own merits. Properties are considered on a case by case basis.

We can’t assist with:

• Multiple occupancy (HMOs); multi-unit blocks; bedsits; multiple tenancies (for example, a house / flat with several bedrooms occupied by individuals who share common facilities including the bathroom and kitchen).

• Lending to Business partnerships or limited companies.

• Holiday lets.

For remortgage cases, the property must be rented at time of application with rent evidenced in last 31 days for all remortgage applications (excluding Let to Buy cases).

Acceptable Tenancies:

Tenancy agreements must be held between private individuals and can't be set up in a company name or with a company

Tenancy agreements must be held between private individuals and cannot be set up in a company name or with a company.

• Assured Periodic Tenancy (APT) – England.
  • Where the rent is above £100,000 per year these can be considered subject to valuation and legal checks.

• Occupation Contract - Wales
• Private Residential Tenancy (PRT) – Scotland.
• Private Tenancy Agreement – Northern Ireland.

We allow applications where the tenant is in receipt of Housing Benefit or Housing payment as part of their Universal Credit- Department of Social Security (DSS) tenants.

The applicants must be:

• Resident in the UK at the time of application.
• At least one applicant must either be a UK national, have permanent “Right to Reside”, indefinite leave to remain, Irish Citizenship, Settled or Pre-settled status. See our Foreign Nationals policy for more information.

We have no minimum income* requirement for Buy to Let applications 

The customer must pass the applicable Buy to Let calculation and credit scoring process. Please see our Buy to Let affordability calculators.

*includes £0 income.

The tax band you select must take into account expected rental income from all properties the customer will own on completion of this application.

For joint applications where there are multiple tax bands, please select the highest tax band.

Where the tax banding appears incorrect, the underwriter may request further information.

We can’t give guidance on a customer's tax status. If the customer is unsure they should contact HMRC.

Although we don’t require evidence of income and bank statements for small landlords, we’re still required to complete credit checks and keep accurate records.

Please call the Business Development team to discuss this further.