Buy to Let - Portfolio Landlord

Portfolio

Overview

Here at Precise Mortgages we’re keeping our portfolio process simple to save you time. Our dedicated Portfolio Team will key the additional information the new underwriting rules call for on to our system for you.

You can use our simple forms, the landlord’s forms, or even another lenders’ forms to provide:

We have produced a handy list of Portfolio submission requirements to identify the documentation we require.

Highlights

  • No changes to our DIP or application system
  • Our Portfolio Team inputs the existing property portfolio details for you. Any missing information is followed up with a phone call
  • The portfolio assessment is valid for 6 months to make subsequent applications easier (where information is still up to date)
  • Our online Portfolio calculator provides an indicative assessment against our lending criteria before you submit an application

Our criteria hasn’t changed:

  • Up to 20 buy to let mortgages to a combined value of £5m with Precise Mortgages
  • No limit on size of existing portfolio
  • Licensed and unlicensed HMOs accepted up to 8 bedrooms with separate ASTs
  • No limit on the number of director dependant shareholders under the age of 25 for Limited Company applications
  • Bespoke ICR calculations on new applications to reflect the landlord’s tax position
For intermediary use only
BBR 0.25% / 3 month LIBOR 0.30%