Our Standard range of buy-to-let mortgages are available for an individual or Limited Company when purchasing or remortgaging a property that is NOT classed as Specialist, as part of a single or portfolio application.
New Build Standard properties can be considered. From a product point of view, New Builds form part of our Specialist Range and we have bespoke products available for them.
Summary details of our Standard range are outlined below. Please check our Product Range document to see our current product and interest rate deals.
Minimum Loan Term – 5 Years.
Maximum Loan Term – 35 Years .
Minimum Valuation – £75,000.
Minimum Loan Amount – £50,000.
Maximum Loan Amount – £1.5m to 70% and £1m to 75% LTV.
NB – The maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 70%. We may require proof of the source of deposits.
2 and 5 Year Fixed rate products.
Range of initial rates, fees and BBR-linked reversion rates.
No missed mortgage or secured loan payments in the last 12 months and no more than 1 missed payment in last 24 months. No defaults registered within the last 24 months.
No more than 1 month in arrears and no defaults on unsecured loan or Credit Card payments in last 24 months and no arrears in last 6 months.
Max 1 CCJ up to £250 in the last 3 years (0 in the last 12 months). Must be satisfied.