Criteria changes

We'll be making the following changes to our lending criteria for new cases received from Thursday 24 March:

Leasehold properties

  • Leasehold properties must have a minimum lease term of 70 years at application (previously 55 years).

Houses in Multiple Occupation (HMOs)

  • The property must contain no more than seven lettable rooms (previously nine).
  • The minimum property value will be £100k (previously £50k).
  • The minimum valuation for Buy to Let and Let to Buy applications remains unchanged at £50k.

View our full Buy to Let lending criteria here

Need to get in touch?

If you have any questions about these changes, please contact your local BDM or your regional Dedicated Broker Support team through Broker Chat or on 0800 545 3131.