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BM Solutions Portfolio Landlord Changes

11 September 2017

BM solutions

A reminder that as of today, Monday 11 September, BM Solutions have updated their criteria for landlords.

There are no changes to their current application process for customers with less than 4 Buy to Let properties. 

Portfolio Landlord application criteria:

  • No more than 10 mortgaged Buy to Let properties including new applications to them.
  • Minimum of £30,000 earned taxable income - per application (this does not apply to non- portfolio clients)
  • A maximum aggregate portfolio Loan to Value of 75%*
  • A minimum aggregate 145% rental income cover stressed at 5.5%*.
    *Based on the entire portfolio including the acquiring property and any unencumbered let property 

For applications with 4 or more mortgaged Buy to Let properties further information will be requested at the time of full application. This will include a fully completed Client Profile Form, proof of income and deposit. It is important that this information is completed accurately and promptly to allow for timely processing of your customer’s application.

For more information visit their website.

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