We understand how important it is to keep your clients happy and getting them an offer fast is just as important to us as it is to you. We’ve come up with this Buy to Let Packaging Guide to help your clients get an offer with as little fuss as possible.
We’ll instruct the valuation as soon as the valuation fee has been paid (unless you tell us otherwise).
Residential history
Your client will need 3 years residential address history in the UK.
Employment
(employed clients only)
Your client must be in permanent employment.
Your clients income
Employed clients
What we need to see
First time landlords (less than 12 months landlord experience): latest payslip and a bank statement that shows the salary credit for that month.
Experienced landlords (more than 12 months landlord experience): latest payslip.
Portfolio landlord: latest payslip and a bank statement that shows the salary credit for that month.
Bonus, overtime or commission: You can send us any additional P60’s & payslips to show bonus earned or overtime & commission payments.
New job: If you client has just started a new job, we need to see a signed acceptance of employment and the first payslip or confirmation from employer that employment has started.
Maternity leave: You can send us payslips to show your client’s pre-maternity income and a letter confirming intention of return to work date and salary.
Day Rate Contractors What we need to see
Current and previous contracts covering the last 12 month period (2 year track record if less than 3 months remaining on current contract)
If paid PAYE/Umbrella Co: Latest 3 payslips/invoices and latest 3 months personal bank statements
If paid via apps own Limited Company: Latest 3 months business bank statements and latest 1 months personal bank statement
Self-employed clients What we need to see
Sole Traders & Limited Company Directors >25% shareholding and/or drawing dividends: We will need the last 2 years SA302/Tax Calculation documents and the supporting Tax Year Overviews.
Plus: The latest business bank statement.
In additional if the underwriter requests an accountant’s reference and/or projection we can accept an accounts reference which you can send to the accountant on our behalf saving time.
If your client is a Salaried Director with <25% shareholding and no dividends are being used:
First time landlords (less than 12 months landlord experience): latest payslip and a bank statement that shows the salary credit for that month.
Experienced landlords (more than 12 months landlord experience): latest payslip.
Portfolio landlord: latest payslip and a bank statement that shows the salary credit for that month.
If your client is a partner with a minority shareholding: We’ll need the last 2 years SA302 documents If these are online documents, supporting Tax Year Overviews are required.
In addition:
First time landlords (less than 12 months landlord experience): bank statement that shows the salary credit for that month.
Portfolio landlord: bank statement that shows the salary credit for that month.
If your client is an employee of a family business: We’ll need their latest P60 and the Accountant’s name, address and qualification to verify the income.
In addition:
First time landlords (less than 12 months landlord experience): latest payslip and a bank statement that shows the salary credit for that month.
Experienced landlords (more than 12 months landlord experience): latest payslip.
Portfolio landlord: latest payslip and a bank statement that shows the salary credit for that month.
If we ask for the following documents these are the requirements
Proof of residency
What we accept
Bank or credit card statement
Utility bill
HMRC documentation
Please note, these can't be online documents.
Proof of identity
What we accept
Drivers licence (full or provisional)
Valid passport
Foreign national's card
Residence permit
Signed employer ID card
Armed forces ID
EU member state ID card
Firearms certificate
HMRC tax notification
Benefit book or letter which confirms your client’s right to benefits
Please note
If we ask for a document to be dated:
Within the last 3 months – it should be dated before the application
2 years prior to application date – it should be dated 2 years back with 3 months leeway either side of the application date
Please choose from the following options
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NEW BUSINESS - ACCORD MSO
To create an illustration, submit a DIP, upload documents or to track an application for new customers: