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Gen H for intermediaries

Packaging & criteria

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Let to buy / Consent to let

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.

Box

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 LTV on the existing property cannot be higher than 80%