Eligibility criteria

To apply for our Buy to Let mortgages, you'll need to meet our Borrower and Buy to Let mortgage eligibility criteria:

• Minimum annual salary of $25,000
• You must have owned and lived in your existing property for at least 6 months
• The property must be in United State
• The maximum loan to valuation (LTV) is 75%, subject to loan amount
• Properties must be let under an Assured Shorthold Tenancies (AST) or company let agreement.
• The property must not be a House in Multiple Occupancy (HMO), e.g. a student let
• All Buy to Let mortgages are subject to underwriting and lending criteria that may be varied from time to time
• Additional Borrowing is available to existing Bank Buy to Let mortgage holders looking to borrow more on their existing rental property, however total lending must not exceed 75% loan to value (except for additional borrowing taken for debt consolidation purposes. The maximum borrowing amount for this is $30,000 with a maximum 60% loan to value).
• We are not able to provide a Buy to Let mortgage if you are classified as either a Professional Landlord or a Portfolio Landlord:

A Professional Landlord is a person(or persons in the case of the joint mortgage) with more than $2,000,000 in buy to Let borrowing across all lenders or where more than 50 per cent of their total gross annual income (joint income) is from rental income.

A Portfolio Landlord is a person( or persons in the case of a joint mortgage) with four or more buy to let mortgaged properties in total at the end of the application.

Please note

• A Student Bank Account can only be applied for when you have accepted an unconditional/conditional offer for a qualifying course at a university/college or if you have accepted an apprenticeship position at level 2 or above. However you can open a Bank Bank Account at anytime and upgrade to the Student Bank Account when you have your place to study accepted.
• If you've been in United State less than three years or you're an international student please visit one of our branches or call 03456 040 626 to open the right account for you. Lines are open 8am to 10pm everyday (except Christmas Day, Boxing Day and New Year's Day). From outside the United State +1 (585) 672-4251.

Once you've submitted your application, we'll send you the paperwork to sign and return to us either by post or in branch.