First Time Landlords – Which Lenders Will Allow You To Have Mortgage?
Accord Mortgages will allow first time landlords up to 70% LTV.
Barclays can accept Buy to Let applications from First Time Landlords
BM Solutions will accept Buy to Let applications from First Time Landlords. However At least one applicant must currently own a property in the UK in their personal name which will need to be validated before an offer can be made. Any other named applicants can be first time buyers.
Coventry Building Society will accept Buy to Let applications from First Time Landlords.
Metro Bank can potentially accept Buy to Let applications from First Time Landlords however at least one of the applicants must own their main residence.
Natwest can potentially accept Buy to Let applications from First Time Landlords.
Paragon accept as long as at least one applicant must be the owner of a residential property or residential investment property.
Santander can consider first time landlords subject to at least one client who is named on the application being an owner occupier.
Skipton Building Society Potential applicants must have owned their own residential property in the UK and had had at least 6 months mortgage experience with evidence available where required.
TMW applicant must be an owner occupier for at least 6 months prior to application.
TMW does not accept HMO or Portfolio applications where all applicants are first time landlords. First Time Landlords remortgaging a second residential property as a Buy to Let (for example, an inherited property) are not accepted.
Virgin Money Virgin can potentially accept Buy to Let applications from ‘First Time Landlords’. Applicants must have owner/occupier status of 6 months or more on their residential property