Let To Buy(LTB) applications are acceptable as long as the existing residential mortgage is changed to a BTL mortgage or put on Consent to Let(CTL).

Rental income can only be used for affordability where 3 months' rental income can be evidenced.

Where the property is not deemed to be self-funding against the potential rental income - shortfalls will be added into affordability.

Packaging guidance:

• We will require a copy of the BTL illustration or confirmation that the current lender has accepted Consent to Let
• We will require an estate agent letter (from an ARLA approved business) showing potential rental income
• The loan to value on the property cannot be higher than 80%