Portfolio landlord criteria

• Check your client's portfolio eligibility - use our Portfolio Checker to find out if your client's overall portfolio meets our ICR and LTV criteria.
• Use our calculators to check your client's affordability.
• Review our detailed portfolio landlord lending criteria.
• Use our Product Finder to check the best options available for your portfolio landlord client.
• Log in or register on TMW Online to start your application.
• Key the Property Schedule manually or fill out the Property Schedule form and upload it to the Portfolio Portal.
• When we send you a copy of your client's offer, we'll also send you our Portfolio Review. You can keep it for your records or use it to start a conversation with your client about their future plans.

• Review our detailed portfolio landlord lending criteria.
• Use our Product Finder to check the best options available for your portfolio landlord client.
• Check your client's Portfolio Review to see what we might be able to offer.
• Use our Portfolio Checker to check that your client's portfolio still meets our ICR and LTV criteria.
• Log into TMW Online to start your application.
• Upload the Property Schedule unless your client fits either scenario in the note below.

Note:

If you submitted a case within last 3 months and there have been no changes to your client’s Property Schedule (such as a change in income or sold properties) you don’t need to submit the full details again. Instead, just provide the previous application reference in the ‘Comment’ section of the Property Schedule case requirement and upload this in TMW Online.

If you submitted a case more than 3 months ago or there have been some changes to your client’s Property Schedule since you submitted a case you need to update the Property Schedule spreadsheet and upload it to Portfolio portal. 

• We ask for your client's personal income on all cases.
• At DIP stage, we will look at the total number of properties to be owned on completion to decide if your client is a portfolio landlord.
• If your client has four or more mortgaged properties, we'll ask for details of the total value and outstanding mortgage balances secured against the portfolio.
• If your client has 11 or more mortgaged properties, you'll need to provide three months' current account statements showing rental payments for their portfolio.

Note:

• If a buy to let property is jointly owned between your clients, you only need to enter it under one applicant, not both.
• If you're creating multiple applications for the same applicant, submit them at the same time.
• If a property is owned by an applicant and a third party, please key the full rental income and the full mortgage amount.

You will need to provide a Property Schedule for all portfolio applications. You can choose how to do this:

• Keying the details into our Portfolio Portal
• Or completing our Property Schedule form and uploading into the portal.

When uploading the Property Schedule directly into the Portfolio Portal, do not insert new columns, copy and paste over the cells or provide any additional information we haven't requested. This will cause upload errors.

Once submitted, the details will be automatically validated and the results sent to our dedicated team of underwriters for assessment.

Depending on case complexity and portfolio size, we may request further supporting information such as a business plan.

Submit all requested proofs and additional supporting information when requested. If you submit proofs or supporting information we have not asked for, this will slow down our processing time.