Buy to Let packaging guide

ID and Proof of Address requirements can be found in the ID requirements guide.

For PBTL applications, all customers to provide latest bank statements that evidence a income receipt (where applicable) in the last 30 days, payments to all secured and unsecured Lending agreements. Additionally, the last 3 months bank statements, evidencing rental receipts and BTL mortgage payments within the portfolio are required.

No income proof required for non-portfolio self-funding BTL’s however must have an acceptable source of income other than rental.

Latest 3 months payslips and P60.

We require 3 months business bank statements to confirm the trading levels of the business;

And

A copy of the submitted SA100 (tax returns) with Inland Revenue mark or tax calculations and overviews printed on accountant headed paper for the last 3 years;

And

For limited company directors who own more than 25% of the business, we will also require 2 years' worth of full, submitted, signed company accounts that shows 3 years figures.

For partnerships we require 2 years full partnerships accounts (showing 3 years figures) or 3 years partnership tax returns with Inland Revenue mark.

We require evidence of current contract, 12 months contract history and 3 months business bank statements showing receipt of contract income at level keyed. Where customer does not have a 12 month contract history please provide last 2 P60s showing 24 months continuous employment in the same industry.

We will require the latest annual pension letter/statement or DWP award letter. Company scheme or final salary defined benefits scheme can be used if the customer is currently drawing from the scheme. If they are using SIPP income and are not drawing yet but are 55 years or over and able to draw, or are using investments as income, we will require both proof of current value and breakdown of investments.

The last payslip received prior to leave, a P60 and a letter from the employer confirming the return to work date, salary and the terms of employment. If return to work date is over 3 months, proof of savings to cover household expenditure required.

Please refer to the ‘Employment and income details' section of our Mortgage Lending Criteria for acceptable incomes.

For all purchases. If this is purchase of a property owned, a memorandum of sale will be required. If this is being raised by other secured lending, please provide Mortgage Illustration/Offer. If from savings, 3 months bank statements showing transactions required. If transfers from another account, 3 months bank statements from that account also required to trace the source of money. If more than one account, please upload all statements at the same time and ensure the latest statement is dated in the last 30 days with a breakdown of what funds are held in which account.

In addition to the above, the Gifted Mortgage Deposit Form must be filled out to confirm a sum of money is being gifted towards a deposit on a property.

Details to be entered as part of the mortgage application. If other debts to be consolidated (e.g. repaying family members/shared ownership) then further details to be provided using the ‘send a message’ function on the intermediary portal. The last six months credit card statements or a redemption figure may be requested.

A bank statement dated in the last 30 days evidencing mortgage payments and rent received along with a completed BTL portfolio form. Please note this is still a requirement on self-funding BTL applications.

The onward mortgage illustration/offer is required.

If Top-Slicing a completed Mortgage Budget Planner for the second household.