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| The BTL range has been designed to be as niche as the residential criteria |
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| Key Product Features |
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Up to 80% LTV |
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Loans up to £1m (either across a single property or spread across multiple) |
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Loan amount based on affordability (can use 50% of the anticipated rental as income) |
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No Minimum rental coverage required |
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No Minimum income |
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First time buyer/First time landlords accepted |
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| Adverse Credit Offering |
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Allow for unlimited defaults and CCJ's - within the last 3 years (none in last 6 months) |
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Defaults and CCJ's under £250 ignored for product selection purposes - even if registered within the last 3 months |
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Allow for unlimited mortgage arrears in months 13-24 |
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Debt Management Plans Accepted - can remain after completion |
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No credit scoring - manual underwriting |
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| Proc Fee 0.50 % |
| Our standard £99 application fee applies |
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