Buy-to-let policy
We do not lend in the case of foreign currency loans. This means:
- We cannot use any non-sterling income. This includes any income contracted or held in a foreign currency that’s converted to sterling
- We cannot consider any non-sterling interest only repayment vehicles
- We cannot lend to any customer resident outside the UK
UK residency
UK residency is determined by the UK’s Statutory Residence Test. This does not always require a minimum number of days an individual must be physically present in the UK but confirms if you’ve been in the UK for 183 or more days in a given tax year, you’ll be a UK resident.