Need flexibility for your portfolio landlord cases?

Solution Found.

Key criteria

Our more flexible approach

  • No business plans needed
  • No asset and liability statements needed
  • Simple forms and process times are the same as non-portfolio cases
  • Custom tests for the background portfolio
  • Includes specialist properties - HMOs, MUBs and short term lets
  • No product restrictions – our full range is available to portfolio landlords
  • Quick apply – landlord underwriting valid for 6 months, making additional applications easier

Who for?

  • Landlords with 4 buy to let properties or more
  • Maximum age 85 at end of term
  • Minimum age 21
  • Up to 2 applicants
  • Landlords with gifted deposits
  • Capital raising for buy to let purchases

How much?

  • Portfolios of any size (subject to £3m lending with us)
  • Maximum loan £2m
  • Maximum term 30 years
  • Generous ICRs – basic tax payers and limited companies 125% and high rate tax paying individuals 145%

Broker testimonials

What we require from brokers to submit a portfolio case:

 

Our definition of a portfolio landlord is someone with four or more mortgaged properties.

We believe the simplest solution is to just look at the existing portfolio’s leverage, loan to value (LTV) and coverage.

All we require is a spreadsheet, showing details of the portfolio. We use this, along with automated valuation models (AVMs) and other background checks, to focus more on the concentration of the portfolio, undertake bespoke stress tests and ensure that the aggregate portfolio is 75% LTV or less.

At DIP stage we will require a summary of the portfolio, including:

  • Total number of properties in the same postcode
  • Value of the properties
  • Loan amounts for the properties
  • Rental income for each property
  • Details for new loan

At FMA stage we will require details for all the properties in the portfolio. There is no need to submit business plans and liability details.

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