We have years of experience helping landlords with their Buy to Let portfolios and we regularly review our criteria to help ensure you can meet the needs of your clients. We offer:

  • lending up to 75% LTV
  • a free day one valuation on all BTL applications – purchase and remortgage
  • lending to individual landlords with portfolios of up to ten properties (maximum of five mortgaged with Skipton)
  • a stress rate of 5% for five year fixed rate terms
As a result of your feedback, we have made the following changes to our criteria:
  • gifted deposits now accepted on all BTL applications
  • basic rate tax payers (Landlords) now stressed at 125% at 5.5% (5% for 5 year fixes or longer)
  • rental income now accepted for non-portfolio (up to 3 BTLs) cases, this is up to 50% of the net rental income, for portfolio landlords 100% can be included. Evidence with 2 years SA302s shown as net profit.
  • portfolio landlord Interest Coverage Ratio (ICR) reduction, now lowered from 150% to 145% at 5.5% (5% for 5 year fixes)

Portfolio landlords

For BTL landlords with portfolios of four or more mortgaged BTL properties, we offer the following criteria:

  • minimum income of £45k (and net rental income can be included in the total) or £60k for joint applications
  • stressed at 145% @ 5.5% (5% for five year fixed rate terms).
  • completion of our simple portfolio cash flow document.

Any of our BTL products can be used for portfolio landlords.

For full details of our Buy to Let lending criteria please see our A-Z Lending Criteria.

Minimum submission criteria

Our minimum submission criteria for BTL Portfolio applications is:

  • signed declaration
  • latest full month’s payslip
  • latest P60 – required only if using other income from employment in addition to basic income
  • accounts – Accountant’s Certificate or latest 2 years' accounts or latest 2 SA302 plus latest 1 year accounts if self-employed or using rental income
  • most recent full month’s bank statement
  • Cash flow document (replaces asset and liability statement)

We’ve created a Guide to Portfolio Landlords to give you some more information about these changes.

To find out more about how we can help your clients with their BTL requirements, contact your local BDM or get in touch with our team.

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