How We Can Help With Buy To Let And Residential
General - Ffi Homepage Shell V01 540X700x2

How we can help with Buy to Let

  • We ignore background portfolio as long as self-funding
  • No need for further purchase or offer details if capital raising
  • CBTL now acceptable
  • First time Landlords
  • Expats now accepted on individual basis and limited company
  • Limited company layered structures and intercompany loans acceptable. Personal guarantees required from Directors. No maximum age for Directors. Up to 4 Directors allowed and unlimited shareholders. ICR – Ltd company 125% or if in personal names and applicants are combination of basic and higher rate tax payers we use 135% rather than 145%
  • Short Term Lets using rental income that could be achieved on a BTL basis but no AST required OR Holiday Lets using the seasonal income and an ICR of 125%
  • Multi Unit Freehold Blocks – up to 10 units
  • HMOs - 10 bedrooms up to 75% LTV & No Maximum up to 65% LTV
  • Day 1 remortgage
  • Expat product range
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How we can help with Residential:

  • Lending up to 85% LTV including for Foreign Nationals
  • 1 year accounts - Applicants must normally be self-employed for a minimum of 2 years prior to application, but our underwriters can consider a minimum of 1 years on a case by case basis
  • Latest years figures  - For self employed clients, if payments are stable or increasing, the most recent years income can be used.  Where payments are variable an average should be used
  • 70% interest only (must have £150k equity in property or £200k in London and surrounding areas) No minimum income – calculated for affordability on an interest only basis
  • Up to 85% on debt consolidation with no debt to income ratio
  • No minimum income (FTB must be employed for 6 months)
  • Up to 6 x income for professionals (if joint application and 1 applicant is professional we lend times x 6 for both applicants income)
  • Up to 5.5 x income for key workers (if joint application and 1 applicant is a keyworker we times x 5.5 for both applicants income)
  • Key worker and also Joint borrower sole proprietor products available
  • Low credit scores accepted (as long credit has no major recent credit blips)
  • 4 x applicants accepted as long as they have a family tie and live in the property (unless it's a joint borrower sole proprietor case, then only 1 applicant needs to live in the property & be on the title deeds), income from 4 applicants is accepted
  • £ for £ remortgage – Ignore income multiples as long as it fits affordability
Meet the team