Key criteria

Expats and overseas residents remortgaging or purchasing buy-to-let properties in England, Wales or the Scottish mainland.

Please click here to start the application. Please note, as the application is for non-UK residents the documentation requirements may be more extensive than for similar applications for UK residents to other banks. Please see packaging guidelines for full information.

• Client eligibility
  • Must be resident outside the UK and remain non-UK resident at completion.
  • Cannot reside in a restricted country.
  • Chinese nationals residing in mainland China are not accepted.
  • Nor Australian or EU residents
  • Minimum age 18.
  • Maximum age at application 75.
  • Maximum age at end of term 85.
  • Maximum 2 applicants.
  • Not acceptable: bankruptcy, IVA, Trust Deed, Debt Arrangement Scheme, previous repossession, voluntary repossession or assisted voluntary sale.
• Income & employment criteria
  • Employed sole application minimum income £50,000.
  • Employed joint application minimum income £80,000 combined.
  • Must be employed by a clearly identifiable employer.
  • Must have passed probation period.
  • First Time Buyer/First Time Landlord requires 24 months employment history.
  • Existing owner/landlord requires 12 months employment history.
  • Self-employed sole minimum income £75,000.
  • Self-employed joint minimum income £100,000 combined.
  • Minimum 2 years trading.
  • Provide Accountant Certificate or latest tax assessment where produced in English from the local tax office/authority.
  • Pension sole £50,000. Pension joint £80,000 combined.
• Affordability criteria
  • Standard rental cover requirement: 125% ICR.
  • Applicants must satisfy rental affordability and minimum personal income requirements.
  • 110% ICR available for high income cases only.
  •  110% route income: sole employed and pension £100,000, joint and self-employed £140,000.
  • Maximum two loans under 110% route.
  • Minimum loan size £150,000 under 110% route.
  • Unsecured credit less than 20% of income under 110% route.
  • Rental income normally taken as lower of declared rent or valuer rent.
  •  5 year fixed rates use 110% at pay rate.
  • All other products use 110% at stress rate (currently 7.24%).
• Loan criteria
  • Minimum loan £150,000.
  • Maximum loan £5,000,000.
  • Minimum term 3 years.
  • Maximum term 40 years.
  •   LTV up to £1.25m: 75%.
  •  £1.25m to £1.5m: 70%.
  •  £1.5m to £3m: 65%.
  •  £3m to £4m: 60%.
  •  £4m to £5m: 50%.
• Property criteria
  • England, Wales and Scotland only.
  • Must be a buy-to-let property.
  • First legal charge required.
  • Minimum property value £200,000.
  • Minimum size 30sqm.
  • Leasehold properties require minimum 85 years remaining.
  • EPC A-C or D if potential to reach A-C.
  • Property cannot be occupied by borrower or family members.
• Unacceptable properties
  • Holiday lets and Airbnb.
  • Commercial use properties.
  • Retirement properties and occupancy restricted properties.
  • Houseboats, caravans, park homes and mobile homes.
  • Log cabins and timeshares.
  • Commonhold properties.
  • Most freehold flats and flying freeholds.
  • Properties with more than one kitchen.
  • Studio flats under £350,000.
  • Properties under 30sqm.
• Portfolio landlord criteria
  • Portfolio landlord defined as 4 or more mortgaged BTL properties.
  • Maximum 5 Skipton-funded properties.
  • Maximum 10 BTL properties in total.
  • Maximum 3 properties in one postcode district.
  • All external BTL borrowing assessed for affordability and rental cover.
• Acceptable tenancies
  • England: Assured Periodic Tenancy.
  • Wales: Occupation Contract.
  • Scotland: Private Residential Tenancy or legacy Short Assured Tenancy.
  • Corporate Lets accepted (12 months to 3 years).
  • Student Lets accepted in England and Wales.
• Unacceptable tenancies

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  • Holiday Lets.
  • Airbnb.
  • Tenancies involving applicants.
  • Tenancies involving family members of applicants.
• Adviser quick pass checklist
  • Non-UK resident.
  • Minimum income met.
  • No bankruptcy, IVA or repossession history.
  • Rental cover meets ICR requirements.
  • Property value at least £200k (£267k for Limited company lending).
  • EPC compliant.
  • Lease has 85+ years remaining.
  • LTV within limits.