Need flexibility for your portfolio landlord cases?

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We can help with your portfolio landlord cases:

Watch the video below to discover how we can help you with your portfolio landlord clients in 30 seconds. 

Key Points

Assessment period

Assessment is valid for 6 months making additional applications easier

No limits

No limit to portfolio size, subject to maximum borrowing of £3m with us

No business plans

No business plans needed

Rates

Same products across our buy to let range

No Statements

No asset liability statements needed

Bespoke stress test

Custom tests for the background portfolio

Simple forms

Simple forms and process times are the same as any non-portfolio cases

Specialist property

HMOs, MUBs and short term lets

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% 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.

What would you like to do next?

Individual product guide

Limited company product guide

Need to place a case with us?

Contact your BDM in your area

More from us

Research

Landlords show continued commitment to buy to let market

The latest landlord research undertaken by BVA BDRC and carried out in March 2019 shows that landlords, particularly those portfolio landlords with more than four mortgaged buy to let properties, not only want to expand their portfolios in the years ahead but want to continue earning rental income from these properties in the long-term.

Industry views

Laying a solid foundation for your portfolio landlord clients

We have teamed up with Mortgage Solutions to create a brokers’ guide to portfolio landlords.

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