Lending criteria updates

This section will keep you up to date with any changes or clarifications to our lending criteria made in the last six months. Please ensure you read our revised lending policy prior to submitting any applications.

Residential

More information on the changes can be found by visiting the relevant criteria category and sub-section.

 

Residential Lending Criteria 

Policy update  Policy category  Policy sub-section  Effective date
Child maintenance Employment and income Acceptable sources of income Dec 2023

Buy to Let and Limited Company Buy to Let

More information on the changes can be found by visiting the relevant criteria category and sub-section.

 

BTL and Limited Company BTL Lending Criteria 

Policy update  Policy category Policy sub-section Effective date
Change to maximum number of properties Portfolio landlord criteria  Find out more March 2025
Change to maximum number of properties and loan amount Property Maximum number of properties and aggregate/total loan amount March 2025
Limited Company Buy to Let clients accepted Applicants Type of applicants April 2025
Additional checks for limited company BTL Applicants Credit checks April 2025
Limited company BTL acceptable limits Applicants Acceptable credit history April 2025
Rental income for limited company BTL Rental criteria Rental income (Interest Coverage Ratio (ICR) and Reference Rate) April 2025
Combined ICR via a limited company Portfolio landlord criteria Find out more April 2025
Loan purposes for limited company Loan purposes Limited company buy to let loan purposes April 2025
Directors/Shareholders/PSC requirements Directors/Shareholders/Personal Significant Control Find out more April 2025
If you have any queries on changes made to our lending criteria and how they affect you, please contact the Intermediary Development Team.
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