TEMPORARY REMOVAL OF PORTFOLIO BUY TO LET
With effect from 5.30pm on Thursday 26 May 2022, we will be temporarily removing Portfolio Buy to Lets from our product offering.
We class Portfolio Buy to Let as any Buy to Let application where the applicants will own either in sole name or jointly, the sum of 4 or more mortgaged Buy to Let properties, at the time of completion, this includes any Buy to Let properties owned in Limited Companies.
So what does this mean?
To make sure your customer secures the current product, the case must be at the application submitted status and fully packaged by 5.30pm on Thursday 26 May 2022.
Top tip – Please ensure the portfolio section of the mortgage application is completed based on the portfolio the customer has at the start of the application.
