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Knowledge Base

Lending Criteria

Lending Criteria

Full details on our lending criteria

Loan Requirements

What is your minimum loan size?

What is your maximum loan size?

What is the minimum Property Value?

What kind of loans are available?

What is the maximum mortgage term?

What is the minimum mortgage term?

What is your minimum LTV?

What is your maximum LTV?

Deposits

Do you accept family gifted deposits?

Is your lending based on the purchase price or valuation?

What is your repayment type?

Do you provide remortgages?

Borrower exposure

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Special Edition additional criteria

Special Edition product criteria

Small portfolio landlord criteria

Affordability

What is your minimum ICR?

What are the rules for your ICRs?

What are your maximum LTVs and ICRs?

How much can I borrow?

Applicants

First-time HMO or MUFB landlords

Maximum applicants

Do you lend to First Time Landlords?

First-time buyer first-time landlord

Who can borrow from Landbay?

What are the applicant requirements?

What are your borrower/applicant exclusions?

Will you lend on consumer BTL?

Which credit check status do you use?

Do you consider any adverse credit?

What information do you need to process a mortgage?

Do you accept expatriates?

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Income

What is the minimum income required?

What is the minimum income for a first-time buyer?

What documentation is required to confirm employment and self-employment?

What is the minimum employment duration?

What is acceptable and unacceptable income sources?

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Property Criteria

Green mortgage product range criteria

Which providers do you accept a new build warranty from?

Do you have a restriction on the number of floors in a block of flats?

What countries do you lend in?

What kind of property tenure is acceptable?

What is the maximum property exposure?

What types of properties are acceptable?

Does the property have to be ready to rent?

Do you accept MUFBs & HMOs?

What are the requirements for a multi-unit property?

Do you accept properties above or adjacent to commercial properties?

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Property Exclusions

What properties do you exclude?

Properties that have benefited from a Rental Guarantee incentive

Acceptable Tenancies

What kind of tenancy is acceptable?

Unacceptable Tenancies

What type of tenancies do you not accept?

Can I get an owner-occupier mortgage with Landbay?

Valuations

How do your valuations work?

Can I supply a valuation report with my application?

Limited Company & LLP

Do you lend to trading limited companies?

Do you lend to limited companies?

Limited company portfolio criteria

Limited company small portfolio landlord criteria

Are Personal Guarantees needed for company applications?

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Mortgage Exclusions

What are your mortgage exclusions?

Do you consider lending on Shared Ownership, Help to Buy or Right to Buy schemes?

Will you consider second charge lending?

Can I get a bridging or development loan from Landbay?

Will you do refurbishment loans?

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Legals

Solicitors and legals

Insurance

Title Indemnity Insurance

Buildings insurance

LIBOR & BBR

Do you use Basic Bank Rate (BBR)?

What is LIBOR (London Interbank Offered Rate)?

Service and SLAs

How can I apply?

What are your SLAs?

Who manages my mortgage?

How can I contact your lending team?

When will the cashback be paid?

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Glossary

What is an ERC?