How do I enter a main residence application with self-funding buy-to-let properties in the background?
First please refer to our lending policy to see if your case fits criteria. If it meets this criteria you will not need to include rental income on the income page of the application, but you must follow steps 2, 3 and 4 which are detailed below. If your case doesn’t meet this criteria please follow all the steps which are detailed below: • You must include all rental income against Applicant 1 on the occupation page under the income section by clicking ‘add income’ and selecting ‘rental income from other properties’. In the case of joint applications, enter zero for Applicant 2. • On the outstanding balances’ page, you must include any outstanding mortgages for the buy-to-let properties, together with any existing mortgage on a main residence. • On the ‘product details’ page, in answer to the question ‘discount special scheme details’, select ‘other/self funding BTL’. A free format box will appear and you should enter details of the self-funding buy-to-let properties in the background
