Intermediary News

Advance notice of Buy-to-Let minimum income introduction

We are giving you advance notice that from midnight tonight we will be introducing a minimum income of £18,000 for all our Buy-to-Let (BTL) products. From tomorrow (13 March), at least one applicant will need to earn a minimum of £18,000 p.a. and this will apply to all property types and customers.

Any DIPs on current terms that you wish to progress must proceed to a fully packaged application, including the customer's signature and Application Fee, and be received via our online application system by 11.59pm on the date of expiry of the DIP. Any incomplete applications in our system after this time will not be honoured.

A further communication will be sent tomorrow to confirm the changes.

To review our current service levels, click here.

If you have any queries or require further information our team remains available via phone and email, details of which can be found here.

Thank you for your continued support.