The Intermediary – January 2026 - Flipbook - Page 76
B RO K E R B U S I N E S S
Case clinic
solely in the applicant’s name, as a minimum of
two years’ accounts is required. However, a Joint
Borrower Sole Proprietor (JBSP) arrangement
may be considered if a family member is available
to support, with an appropriate exit strategy in
place given the applicant’s recent transition to
self-employment.
HARPENDEN BS
We can lend up to 85%, so the LTV here is
acceptable. Typically, we need one years’
contracting history in order to consider income
from this source.
However, given their experience in the field
leading up to this, if we could get a copy of the
current contract and management information
from the accountant, this is a case we could refer
to our underwriters for exceptional consideration.
UNITED TRUST BANK
Despite the applicant having a 10-year history
in the same industry, UTB requires two years’
finalised accounts to consider a self-employed
applicant.
Should the applicant be a limited company
director, we may consider one year of finalised
accounts with strong projections if they are
several months into the current accounting
period where management accounts supplied by
their accountant can support the projections.
Had there been sufficient accounts history,
the application would meet our minimum LTI
requirements. However, a monthly affordability
assessment would need to be completed in our
portal DIP journey, taking into account any current
unsecured credit commitments.
The expected rent on the Manchester investment
is approximately £1,250 per month, and they plan
to manage the property remotely.
FOUNDATION HOME LOANS
This case could be acceptable, subject to
underwriting review. As the applicant is based in
Hong Kong, we would need to confirm their UK
tax position.
If not already paying UK tax, they must register
with HMRC for future income assessment. This
is one to discuss with a business development
manager (BDM) before submission.
TOGETHER
Together recently announced that it was lowering
rates for non-UK nationals and expats. As long as
the applicant has an active UK bank account for
mortgage payments and the valuation, credit, and
affordability checks are satisfactory, we could offer
up to 75% LTV. This is provided the property is of
standard construction and not in a building over
six floors.
WEST ONE LOANS
West One will only accept an applicant who is both
a first-time landlord and first-time buyer if they
reside in the UK, are aged 25 or over, and have a
minimum income of £25,000 (minimum income is
only required for first-time buyers).
For UK expats, we require that they own at least
one other buy-to-let property in the UK already,
and they must appoint an acceptable servicing
agent in the UK. Based on these requirements, we
would not be able to assist this particular client.
GEN H
C AS E T H R E E
This one is a straightforward ‘no’ for us: Gen H
doesn’t offer buy-to-let mortgages or accept loans
in non-UK currency.
Expat landlord
purchasing in the UK
from overseas
British national living and working in Hong
Kong wishes to buy a second buy-to-let
(BTL) property in the UK. The desired
property is located in Manchester, and costs
around £285,000 with a 30% deposit.
The buyer earns the equivalent of £78,000 per
year and has worked abroad for over four years.
They rent their own personal property overseas,
have a UK bank account. However, due to living
abroad they have limited recent UK credit activity.
A
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The Intermediary | January 2026
BUCKINGHAMSHIRE BS
The society may consider this application provided
the applicant is a British citizen and not residing
under a British National (Overseas) Visa.
As part of the underwriting process, the applicant
would be required to supply their most recent UK
address and National Insurance (NI) number.
UNITED TRUST BANK
Our BTL offering does not currently extend to expat applications. However, we are always exploring
opportunities to enhance our product offering
and ex-pat applications are something we’re
considering catering for in the future.
