Our Limited Company Buy to Let mortgage criteria is designed to help investors expand and leverage their existing portfolio. This includes those who are recently incorporated as an SPV, companies with up to 4 directors and those looking to purchase their next property without stressing their background portfolio.
CCJs & defaults:
IVA & Bankruptcy:
Pay day loans:
Debt management plans (DMP)
EU Nationals accepted subject to:
Non EU Nationals accepted subject to:
Minimum earned income:
|Income type||Proportion considered|
Self-employed: Sole Trader/Partnership:
Additional remuneration considered where applicants own 100% of the company:
Where additional remuneration is to be added back, finalised accounts will be required
Self-employed: company director:
Number of mortgages with Pepper:
Let to buy:
Right to Buy:
Evidence of deposit:
Capital raising remortgage:
New build definition:
Minimum property value:
Timber framed construction:
Coal mining and other forms of extraction:
Reports may be accepted from members of the following bodies:
– The Institution of Structural Engineers (www.istructe.org.uk)
– The Institution of Civil Engineers (www.ice.org.uk)
The report must be referred to the valuer for comment. If the report is not addressed to the applicant, written confirmation must be obtained from the originator that its contents may be relied upon by the applicant(s).
We will not lend on any property with either ongoing movement or where monitoring is required, where this is identified by either the valuer, or where evident in the structural engineer’s report.
The valuer may request additional reports from specific governing bodies.
We may require specialists’ reports. These most commonly will be:
– Timber and damp, electrical, trees, cavity wall ties;
– Mining report (as these are obtained by the solicitors, a special condition is imposed at offer);
– Any such reports should be prepared by a reputable firm and should be forwarded to us for review and referral to the valuer
The valuer may request additional reports from specific governing bodies
Full mortgage application:
Proof of deposit (purchase):
Use of funds (remortgage with a further advance):
Proof of address & identification:
|Table 1||Table 2|
|Valid passport||Valid (old style) full UK driving license|
|Valid photo card driving license (full or provisional)||Recent evidence of benefit entitlement|
|National identity card||Instrument of a court appointment|
|Firearms certificate or shotgun license||Current council tax demand letter or statement|
|Identity card issued by the Electoral Office for Northern Ireland||Non-internet generated bank statements and utility bills|
Proof of income – employed:
Proof of income – self-employed:
Other sources of income:
We accept applicant(s) with a combined maximum of 16 Buy to Let properties, including the application property(s).
Written asset and liabilities statement which includes details of:
SIC code must be:
The SIC code of the company application must be one of the following:
Property transfers from Personal to Limited Company are acceptable at full market value.
These will be treated as a purchase
Personal guarantees will be collected for each director
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