Foreign nationals BTL criteria

Loan and LTV limits for foreign nationals

All applicants must be resident in the UK at the time of application. 

EU citizens
Applicants from member countries can be accepted within normal lending criteria.

Member countries are: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

European Economic Area
Applicants from countries, which are members of the European Economic Area, can also be accepted within normal lending criteria.

These include: Iceland, Liechtenstein, Norway and Switzerland.

Indefinite leave to remain 
Evidence of indefinite leave is required for over 75% LTV lending. This should be evidenced either by a stamp in the applicant's passport, or by a letter from the Home Office.

Settled/pre-settled status
Evidence of settled/pre-settled status is required. The share code, which is provided as part of the EU Settlement Scheme, should be provided.

 
Joint applications where one applicant has indefinite leave to remain
Where at least one applicant on a joint application has indefinite leave to remain or is a British citizen then we can now offer up to 80% LTV lending subject to standard product and eligibility criteria. 

No settled/pre-settled status or indefinite leave to remain not granted
This is acceptable at a maximum LTV of 75%.
All applicants must have evidence that they can currently reside in the UK e.g. immigration documentation or passport stamp.

Credit checks

A credit search will be conducted on every customer.
The last 3 years residency of a customer must be verified, credit searched and sufficient to ensure an appropriate understanding of residency and credit history.
All applicants must be resident in the UK at the time of application. 

We will complete checks using electoral roll and credit search data, where we cannot verify the customers address history electronically, the underwriter reserves the right to request additional documentation.  