Individuals

We define an Individual, as a private borrower who will own the security in their name.

• Lend on Buy-to-Let properties in England and Wales
• First-time and experienced landlords
• Portfolio Landlords with no limit on number of properties/mortgages in the background
• Minimum age: primary applicant 21 & secondary applicants 18
• Maximum age: 85 at the end of term
• Up to 4 individual applicants
• Minimum combined income of £20k per application
• Family gifted deposit
• Shared houses (where tenants form more than 1 household and a HMO licence is not required)
• Remortgages within 6 months of purchase considered

• Min Loan: £25,001
• Max. Loan: £1m up to 75% LTV / £500k up to 80% LTV
• Min. Loan Term: 5 years
• Max. Loan Term: 30 years
• Portfolio Exposure within CHL group:
  >£1m to £5m (Max. LTV 75%)
  ≤£1m (Max. 80% LTV)

• Basic Rate: 125%
• Higher Rate: 140%
• Assessment Rate: Pay rate

• Blocks of up to 6 units: Max. 6 units per block
• Blocks of 7 to 20 units: Max. 10 units per block
• Blocks of more than 20 units: Highest of 10 units or 20% per block