First-time Buyers and Non-Owner Occupiers

All you need to know about Buy to Let First-time Buyers and Non-Owner Occupiers



Non-Owner Occupiers and First-Time Buyers are defined as customers who will not own and reside in a UK residential property on completion. The criteria referenced on this page applies to both small and portfolio landlords.

Please note this also covers policy in relation to Buy to Let like for like remortgage customers.

Our calculation

Our Buy to Let affordability assessment will consider both personal income and expenditure, along with a rental Interest Coverage Ratio (ICR) calculation.

Please use our calculator to check the maximum we can lend.

Portfolio check

Portfolio landlords only (4 or more Buy to Let or Consent to Let mortgaged properties as at completion of this application.)

Where the customer is a portfolio landlord we will asses the customer's existing portfolio to ensure the aggregate LTV and ICR is sustainable. The following rental calculation and maximum LTV will apply across your customer's portfolio excluding the property to be mortgaged.

Please note, we will validate the customers estimated rent and capital on all background properties.


Important Information

Letting agents costs will be deducted from rental income for assessment (this will be requested on the calculator).

Please note - we don’t lend into retirement for First-time Buyers and Non-Owner Occupiers. This includes where they are already retired. 

Portfolio landlords only - at least one applicant must have at least 2 years landlord experience.

Max age

Max age 80 at the end of the term or the customers intended retirement age if this is sooner as we do not lend into retirement. 

Your responsibilites when submitting Buy to Let applications

It is important to key accurate information to avoid delays in the application process. Please ensure that you capture background property addresses, rent, property value, personal income, correct tax band selected (tax band on completion i.e. including all rent), product and product rate.


Please see our packaging requirements for full details. Our underwriters may request additional information if required.

  • Employed: 3 months’ payslips and 3 months’ bank statements.
  • Self-employed: 2 years evidence along with 3 months bank statements.

If the customer owns four or more Buy to Let or Consent to Let mortgaged properties on completion of this application we will also require:

  • 3 months most recent bank statement(s) for all rental properties.

Next steps

Check out our Buy to Let hub.

Check out our hub for small and portfolio landlords.

We have a range of products and rates to suit your client needs.