Here is the latest update from Fleet Mortgages. For details see their latest product guide. Their Lending Criteria Guide is available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well access their mortgages through our fees free packager team. Register with Fleet here
We’ve made some improvements to our buy-to-let lending criteria
We’re pleased to announce a series of enhancements to our buy-to-let lending criteria, designed to support a wider range of landlord borrowers and limited company structures, live as of today.
What’s new?
Foreign Nationals & the right to enter, reside/remain and work in the UK
For joint applications, if at least one applicant (primary applicant) is a British passport holder, or holds indefinite leave to remain, or has settled status, Fleet may also consider additional applicants who are foreign nationals without indefinite leave to remain, provided that:
- They currently live in the UK;
- They have resided in the UK for at least the past three years; and
- They must hold a valid visa (subject to lending criteria) with at least 12 months validity.
Lending to a Limited Company
We’ve expanded our limited company lending criteria and will now accept company group structures registered anywhere within the UK, including Scotland and Northern Ireland. Previously, companies were required to be registered in England and Wales. Please note: The security property must still be located in England or Wales.
All subject to our standard lending criteria.
You can find a summary of the criteria changes on our website.