Criteria guide
Criteria guideBuy to let mortgages INFORMATION IS FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY Follow us 0800 116 4385Monday- Friday, 9am-6pmCorrect as of: Key updates Maximum LTV increased, now available up to 80%2SectionPage numberApplicant Criteria 5Applicant profile (inc. Minimum age, Maximum age, Maximum number of applicants, Guarantors and First time buyers)5Allowable adverse5Nationality and residency5Income Criteria 6Minimum earned income6Employed6Self-employed6Furlough payments, bounce back loans and CBILS7Retired7Additional income7Deposit criteria12Source of funds12Family gift12Builder s second charge12Unacceptable sources of deposit12Affordability10Interest Coverage Ratio (ICR)
2 years’ HMRC tax calculations and corresponding tax year overview or accounts (we only accept accounts prepared by accountants with the following qualifications: ACA/FCA, CA, ACCA/FCCA, AAPA/FAPA, CIMA, CIPFA). SA302s will …
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