Transcription of Criteria guide
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Criteria guideBuy to let mortgages INFORMATION IS FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY Follow us 0800 116 4385 Monday- Friday, 9am-6pmCorrect as of: Key updates Maximum LTV increased, now available up to 80%2 SectionPage numberApplicant Criteria 5 Applicant profile (inc. Minimum age, Maximum age, Maximum number of applicants, Guarantors and First time buyers)5 Allowable adverse5 Nationality and residency5 Income Criteria 6 Minimum earned income6 Employed6 Self-employed6 Furlough payments, bounce back loans and CBILS7 Retired7 Additional income7 Deposit criteria12 Source of funds12 Family gift12 Builder s second charge12 Unacceptable sources of deposit12 Affordability10 Interest 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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