First Time Landlords

Classified as an applicant, who has owned and occupied their own home for at least the last six months, but has not owned and let a Buy to Let property for the last six months.

  • Evidence of deposit is required on all applications. See Source of deposit
  • The loan purpose will be to purchase a new Buy to Let property
  • Maximum age 70 at application (unless a joint application with an Experienced Landlord and below 65% LTV. See our General criteria
  • Maximum 80% LTV
  • Maximum loan size £500,000 (£350,000 for loans over 70%)
  • First time landlords remortgaging a second property are not accepted. This includes inherited properties not yet in the applicant’s name