Criteria assessment tool

Our minimum property values are:

• Single self-contained units – £65,000
• HMOs and MUFBs – £120,000
• HMOs in qualifying postcodes – £75,000
  (BB, BD, CA, CW, DH, DL, FY, HD, HX, L, LA, M, NE, OL, PR, SK, TS, WA, WF, WN, YO

We currently loan up to £2,000,000 per property with a max LTV of 65%.

Please see our LTV guide for other loan sizes.

Click here for our full ICR rules.

• Properties with low demand as a result of location/ condition/ maintenance
• New build properties that benefit from a Rental Guarantee incentive.
• Properties with Local Authority approval for uses other than residential
• Normally Ex Local Authority apartments. This is the case where most units are still being used for social housing
• Non-traditional construction e.g. timber frame, concrete or any designated defective under the housing act
• Converted properties where the applicant is resident in a different unit in the building
• Properties that are subject to any restrictions (occupancy/use/ resale), e.g. Agricultural restrictions
• Properties subject to adverse notices, mineral extraction, contaminated land, landfill, mining subsidence. Also, properties with Japanese Knotweed excluded
• Properties located adjacent to an electrical sub-station (small substations will be acceptable subject to valuer’s comments) or communication mast or within 100m of overhead high voltage cables/ pylons
• Properties held in Trust
• Right to buy scheme or subject to a pre-emption clause
• Properties that are, or have been shared ownership
• Built within the last 10 years without an NHBC certificate or other guarantee acceptable to us
• Properties with solar panels which are subject to a lease agreement
• Properties that are adjacent to commercial premises that could materially impact marketability, e.g. Pubs, takeaways and petrol stations. Properties being purchased at under market value
• Properties being purchased at under market value
• Grade I & Grade II listed properties
• Properties that have cladding and do not have an acceptable cladding fire test certificate
• Flying freehold greater than 15% of the total property area
• Freehold Flats
• Ex-local authority properties with deck access
• New Build Flats where the ground rent exceeds 0.10% of the property value
• Properties liable to flooding
• Properties with non-standard insurance terms
• New build properties that do not meet EWS1 grade A1 standard

NB – Purchases involving property clubs or syndicates are excluded.
NB – Properties that include rental guarantees. (this also includes developments as a whole)