1. How do you treat additional properties owned by the applicant?
If your client will own more than one property on completion of a new loan, the maximum LTV on their application will be 90%. When considering affordability, we’ll take into account the outstanding balance of any mortgages that are continuing, unless they are let and satisfy our additional properties criteria.
The Society will not accept an application from an applicant(s) where they hold more than 3 mortgaged buy to let properties.