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.
If you’d like to know more, please contact your BDM or one of the Sales team who will be happy to run through all the details with you.