Buy to Let Criteria | YBS Commercial Mortgages | YBS
Product Criteria
Buy to Let for a Limited Company / Portfolio Buy to Let
Residential properties owned in an incorporated entity (Limited Company or LLP) and let on standard AST agreements.
What we look for:
Maximum LTV 75% (65% for new build flats).
Maximum total lending of £20m (£2m for non-professional landlords).
Must be let on an AST or equivalent and not occupied by the applicant or their immediate family.
Gross rental ICR of 125% at the prevailing product stress rate.
EPC of C, or a plan to get from E/D to C.
A first charge is required from the borrower over acceptable Buy to Let asset(s).
Valuation by one of YBS’s panel valuers.
Minimum property value £135,000.
Personal Guarantee from one or more director of the greater of £175k or 10%.
What we will not do:
Development lending.
Short term / bridging loans.
Commercial property with no apparent alternative use.
EPC rating below E.
Adverse corporate or individual credit history.
Anything which may cause a conflict of interest or reputational damage to the Society.
Check our product criteria
Find out more about our risk appetite before you apply.
Investment criteria
View our criteria for industrial, offices, leisure and retail sectors.
How to apply
Check out our useful guides and find out more about our processes and support that we offer.
Meet the team
Our commercial lending experts are ready to support your plans for now and the future.
Want to apply or enquire?
Emailing us is the quickest ways to get in touch and will also ensure that you get through to the right person who will then be your dedicated contact throughout.