Applicant Criteria
Available to both Individual and Limited Companies / LLP applicants.
Related words: Ltd Co, SPV, House in multiple occupation
Loan terms & limits
- Standard – 75%
- Studio Flat – 75%
- New Build- House 75%, Flat 70%
- Above/Adjacent to Commercial – 75%
- Former Local Authority – House 75%, Flat 70%
- HMO – 75%
- MUFB – 75%
NOTE: Total LTV inclusive of fees cannot exceed 80%
Related words: Loan to value, loan size, loan amount, council
Property Criteria
Positive valuer comments required
Related words: Retail, shop, cafe, restaurant, business
- Standard brick and breeze block construction
- Single brick offshoots / extensions (unless this element is a habitable room)
- Modern timber framed construction post 1960 (including space4) with masonry outer skin
- Stone built or brick and mortar built walls
- Modern steel frames property with brick or block and rendered walls
- Modern methods of construction
- Wimpey No Fines and Laing Easiform
Related words: Building, wood, fabrication
C3 and C4.
Related words: Planning permission, student, bedsit, house share
Standard roof construction of slate or tile
Related words: flat roof, thatch
Minimum EPC rating: E.
Related words: Energy performance certificate, eco, green, environment, efficiency
Max. 10 storeys in a block inside M25 (5 elsewhere). Areas with medium / high levels of private ownership.
Related words: Council property, ex-council, social housing
A House in Multiple Occupation (HMO) is a freehold or leasehold property where 3 or more tenants reside forming more than 1 household. Tenants share a lavatory, bathroom or kitchen facilities with other tenants and a HMO licence is required. The Solicitor will be required to ensure all relevant Planning/Change of Use requirements for its proposed use are in place on Completion. Shared Houses considered with rental assessment on a room-by-room basis.
Must need minimal adaption to sell as a family home.
Related words: House in multiple occupation, share, student, property
We define a HMO has having up to 6 bedrooms.
Related words: House in multiple occupation, units, share, student
Large Panel System construction methods are unacceptable to CHL Mortgages.
Related words: prefab, build, tower block, flat, apartment
We will consider lending against properties located in mainland England and Wales.
Related Terminology: Scotland, Ireland, where
- Standard – 75%
- Studio Flat – 75%
- New Build- House 75%, Flat 70%
- Above/Adjacent to Commercial – 75%
- Former Local Authority – House 75%, Flat 70%
- HMO – 75%
- MUFB – 75%
NOTE: Total LTV inclusive of fees cannot exceed 80%
Related words: Loan to value, loan size, loan amount, council
A Multi-unit Freehold Block (MUFB)is a block of self-contained units on a single freehold title.
- We accept blocks with up to 6 self-contained units where there is no HMO element.
- Each unit must have separate services.
- Any element of commercial usage is unacceptable.
Related words: House in multiple occupation, Multi-Unit Freehold Block, share, student, property
Available to both Individual and Limited Companies / LLP applicants.
Related words: Ltd Co, SPV, House in multiple occupation
We define an MUFB as having up to 6 units.
Related words: Multi-unit freehold block
All properties less than 10 years old must hold an adequate warranty
Related words: Property development, construction, age
Considered on a case by case referral basis.
Related words: property management, investment, portfolio, agent
- Standard – Max. 5 Bedrooms (Shared accommodation acceptable)
- Studio Flat – Max. 1 main room.
- New Build – Max. 5 Bedrooms. Above/Adjacent to Commercial – Max. 5 Bedrooms.
- Former Local Authority – Max. 5 Bedrooms.
- HMO – Max. 6 bedrooms. Max. 8 lettable rooms. Max. 2 kitchens (only where valuer comments confirm no impact on saleability). Max. 4 habitable storeys.
- MUFB – Max. 6 self-contained units in the block.
Related words: Multi-unit freehold block, house in multiple occupation, complex
We don’t currently accept short term let properties
Related words: STL, holiday let, serviced apartment, Ltd Co
Units with floor area below 30m2 by referral only.
Related words: Footprint, square feet
Standard, Studio Flat, New Build, Above/Adjacent to Commercial, Former Local Authority, HMO – Freehold and Leasehold, MUFB – Freehold Only. Leasehold terms of less than 76 years remaining at application considered at underwriter discretion and are subject to a maximum LTV of 60%. Minimum 51 years remaining at maturity. .
Related words: Short lease, expiry