Buy-to-let policy
Existing BTL customers can contact us directly for permission to either move in to their BTL property or allow a close family member to reside.
Where the customer (or close family member) requests to temporarily reside in the property they can do so subject to the following conditions:
- The mortgage must be at least 12 months old
- The maximum period we can agree for consent to reside is 12 months. Customers can apply for an extension at the end of that period
- Customers who are on Interest Only/ Part and Part, who do not meet our residential interest only policy, are allowed to maintain their current repayment method
- Conversion to repayment is available for the customer at any time but they must pass residential affordability
- No further borrowing will be allowed
Where a customer wishes to permanently reside in their property they must apply for a Product Transfer to a residential product.