Product Criteria

Fast Track Buy to Let

To qualify for our streamlined application process, the following criteria must be met:
What we look for:
  • Maximum loan-to-value (LTV): 75% (fees may be added up to 77.5% LTV) 
  • Loan size: £250,000 to £3 million 
  • Transaction type – purchase, re-mortgage, re-mortgage with element of capital raise (100% capital raise not considered)
  • Repayment type: Interest-only 
  • Maximum term: 10 years 
  • Ownership structure: Up to 4 UBOs/partners, with no complex ownership arrangements 
  • Age limit: Maximum age of 75 at loan expiry 
  • Risk profile: No connections to high-risk jurisdictions or industries 
  • Credit history: No adverse credit 
  • Property type: Must be of standard construction 
  • Tenancy: Property must be let on an Assured Shorthold Tenancy (AST) agreement 
  • Minimum property size: 35 sqm (external) 
  • Energy efficiency: EPC rating of A to C 
  • Personal guarantee: Minimum of the greater of £175,000 or 10% from one or more directors 
  • Serviceability: Rental income must be based on the lower of passing rent or market rent for the subject property 

  • Affordability:

    • Limited company: Gross rental interest cover ratio (ICR) of 125% at the product stress rate
    • Personal name: Gross rental ICR of 140% at the product stress rate plus 0.6%

Check our product criteria

Find out more about our risk appetite before you apply. 
 

Investment criteria

View our criteria for industrial, offices, leisure and retail sectors.

How to apply

Check out our useful guides and find out more about our processes and support that we offer. 

Meet the team

Our commercial lending experts are ready to support your plans for now and the future.
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Want to apply or enquire?

Emailing us is the quickest ways to get in touch and will also ensure that you get through to the right person who will then be your dedicated contact throughout.