Bank Statements NoAt Least 3 Months Pay Slips NoP60 NoProof Of Residency YesLife Policy To Be Assigned ReferPrevious Lender References NoInsurance Buildings Conditional Conditions On Loan Min Loan 25,000Max Loan 25,000 2 ,000,000Max Portfolio of BTL Loans 2,000,000Min Age 18 yearsMax Age 70 yearsMin Term intermediary.natwest.com 3 yearsMax To see how much your client can be able to lend credits; Please see the affordable mortgage lender calculator also available at intermediary.natwest.comSobald you have completed your application, receive an evaluation decision that will either be an “accept,” “reference” or “refuse” message. All guideline warnings are also displayed. As part of the evaluation process, we will try to electronically verify and validate your client`s identity. If successful, you will receive a message confirming that we do not need any further proof of identity for your client. If we have not been able to verify their identity, you will be asked to send us certified copies of their identity documents that you already have in your file. One way or another, you will know at the point of sale what will be needed. Real estate insurance to cover the full cost of rebuilding your property. Foreign Citizens ReferEx-Patriates Not AcceptedRepatimentsMultipators Rental income must be 125% of monthly mortgage payments, if calculated with a rate of 5.5%. Month min in the current section 1Min months in permanent putting 6Min Nr.
years Accounts 2 Average Years taken to calculate income 2In case of loss of profit NoOutgoingsConser account of coverage – up to 4 loans:We use a percentage of rental coverage to find out how much your client can borrow. All rent coverage rates are based on an interest rate of 125% for 5.5% employment:A candidate must have a minimum income of 25,000 and we need standard incomification ver documentation for all applications. Applicants who wish to borrow a million or more for buy to let (BTL) purposes require a minimum annual income of 50,000 p.a. (it is not enough for applicants to have a common income of 50k). Multiple income of 4.99 x 1. or 4.99 common income required. Rental income must be 125% of monthly mortgage payments when calculated with an interest rate of 5.5%. Mininum Income – Individual Acquisition 25000Hirse Purchase Taken into accountPersonal credits taken into accountRepresant overdraft check-in refers to lendersCredit/Store Cards Child pensionReducation not taken into accountReducation of the childReducation Not taken into accountExtra Income:- Other Income – Guaranteed Income – Regular acquisition 100% to income before multiplication Plus income – NoInvestment Irregular Income NoMorg Subsidy Add 1 Add 100% to income before multiplying the Big City City Add 100% income allowance before multiplyingMaintenance Payments Add 100% to income before multiplyNon Contributory Pension NoCar Allowance Add 100% to income before Multiply Our mortgage advisors are in principle quickly produced and submitted applications, so our clients don`t have to wait for an appointment about a subsidiary.