Products & Criteria

We offer a range of loans up to £2m (on Standard properties @65% LTV) and 2 & 5 year fixed rates up to 75% LTV on both Standard and Specialist property types, with no upfront application fees. All our products are available to Individual or Limited Company (SPV) applicants for purchases or remortgages, either as a single mortgage or on a portfolio basis.

Our products are for buy-to-let purposes only, excluding consumer buy-to-let. We only lend on properties in England and Wales.

For any questions about our products and criteria please contact our expert team.

Our key product details and lending criteria are summarised below. 

Please note – each application is considered on its merits and we do not guarantee acceptance of all cases which meet our headline criteria. We reserve the right to withdraw products without notice at any time. All mortgage intermediaries are required to comply with our Intermediary Terms of Business. The information on this page is correct as of 02 June 2021.

Summary criteria

  • Loan Terms from 5 years (minimum) to 35 Years (maximum).
  • Unlimited background portfolio – with background portfolio stress testing at 100% of mortgage payments.
  • No minimum income for standard applications, £25K gross for professional landlords.
  • Directors must hold at least 60% of company shares for Limited Company applications.
  • Minor adverse considered.
  • Landlords with DSS tenants accepted.
  • Applicants must have UK Permanent Right to Reside.
  • Maximum age 95 years at the end of the mortgage term.

Standard BTL Products     

Our Standard range of products are available for properties (houses or flats) that are not of a Specialist nature.

  • Max Loan sizes of £2m to 65% LTV, £1.5m to 70% LTV, £1m to 75% LTV.
  • Minimum Valuation – £75,000.
  • Minimum Loan Amount – £50,000.
  • Personal Income Backed and Portfolio Income Backed Top Slicing may be utilised to support a Standard individual application – subject to criteria. See our Top Slicing guide for more info.
  • Newbuild Standard properties can be considered. However, from a product point of view, Newbuild’s form part of our Specialist Range and we have bespoke products available for them.

*Maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 70%. We may require proof of the source of deposits. There are a number of fees that apply to our mortgage products during the application process and over the term of the loan. You can find more information in the fees section.

 

Specialist BTL Products    

Our Specialist range of products are available on HMOs (maximum of 6 bedrooms), MUFBs (maximum of 6 units in any one development) and Flats above Commercial premises. We can consider Ex-Local Authority, Deck Access and New Build property types.

  • HMO & MUFB max Loan size of £1.5m to 70% LTV and £1m to 75% LTV.
  • HMO & MUFB minimum valuation £100,000 and minimum Loan Amount £50,000.
  • FAC & New Build max Loan size of £750k to 75% LTV.
  • FAC & New Build minimum valuation £75,000 and minimum Loan Amount – £50,000.

*Maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 70%. We may require proof of the source of deposits. There are a number of fees that apply to our mortgage products during the application process and over the term of the loan. You can find more information in the fees section.

*Maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 70%. We may require proof of the source of deposits. There are a number of fees that apply to our mortgage products during the application process and over the term of the loan. You can find more information in the fees section.

 

Early Repayment Charges (ERCs)

Up to 10% of the outstanding loan amount can be repaid in any 12 month period without incurring an ERC.

Interest Coverage Ratios (ICRs)