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portfolioLandlord
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- Including this application, if the client has four or more mortgaged BTL
properties, they are considered to be a Portfolio Landlord and you should select
‘yes’.
- Please note this only includes mortgaged BTL properties; any unencumbered
properties should not be counted.
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noOfApplicants
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Select the number of applicants on this mortgage application. *For more than two applicants, applicants 3 and 4 will not be considered in the Maximum Loan Amount Calculation*
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applicationType
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Confirm whether application is for:-
- Buy to Let Purchase
- Buy to Let Remortgage
- Buy to Let Remortgage (no equity release)
- Let to Buy
- Additional borrowing on existing BM Solutions mortgage.
For BTL Purchase or LTB, the anticipated rental income will automatically be included in customer’s income for calculation purposes.
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addressInScotland1
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- Scottish tax rates and bands differ in Scotland compared to rest of UK.
- We will use the applicant’s main residence to determine the correct tax band for each applicant.
- Please select Yes or No based on location of each applicant’s current main residence.
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£
totalAnnualIncome1
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Include all income from:
- Self Employment (including profit from self employment and dividends from UK companies)
- Employment (including bonus, overtime, commission)
- Pension
- Other income
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£
profitLandProperty1
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Declare all annual profit from UK Land and Property as declared on latest tax calculation / SA302.
*Please note that where the applicant has existing BTL properties, this must be completed*
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£
grossAnnualRentalIncome1
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Applicant’s share of total gross monthly rent from all existing let properties.
- Please note that for calculation purposes, we will always assume that each party to a property owns an equal share.
- You should therefore key the Gross Monthly Rent figure for each applicant with an equal share, regardless of how the title is held.
- For BTL Remortgage, BTL Remortgage (no equity release) and Additional Borrowing applications, please include the rent from the subject property.
- Do not include anticipated rent for BTL Purchase or Let To Buy applications.
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%
selectedProductRate
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Select product rate from our current product range.
*Please note if you change this after Decision in Principle, the maximum loan amount available may change.*
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£
profitLandProperty1
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Enter the product fee amount for your selected product.
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fixedForFiveYears
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Confirm whether product will be a 5 year fixed rate.
*Please note that if you later chose a fixed rate product with a term of less than 5 years, this could reduce the maximum loan amount available.*
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%
maximumLTV
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Enter the maximum
LTV
the selected product rate allows
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£
propertyValue
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- Purchase applications – enter the purchase price.
- BTL Remortgage, BTL Remortgage (no equity release), LTB and Additional Borrowing – enter the estimated value of the property.
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£
loanRequired
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£p/m
rentalIncome
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- BTL Remortgage, BTL Remortgage (no equity release) or Additional Borrowing – Current Achieved Monthly Rent
- Purchase or Let to Buy – Anticipated Monthly Rent
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