See ‘Property Kinds’.
Customer buy-to-let is really a variety of regulated company introduced by the MCD to deliver improved protections where buy-to-let customers aren’t acting for company purposes.
Our way of distinguishing these clients is dependant on the way they see their buy-to-let task. We anticipate customer buy-to-let is only going to connect with clients remortgaging a buy-to-let home where their goal isn’t to profit from home cost growth or income that is rental.
We consist of this concern on our application: Will the property be let down for investment purposes?
By вЂinvestmentвЂ™, we imply that you want to to gain from leasing earnings or house price growth that is future.
In the event that response to this real question is вЂNoвЂ™, the after message is presented: Your selection has suggested customer buy-to-let status. At the moment we try not to offer this kind of financing. In cases like this, the application form will likely not progress.
We try not to provide customer buy-to-let mortgages.
Consumer buy-to-let will likely not use to acquire deals, customers with current buy-to-let properties or any properties with present or future household occupancy. We’ll continue steadily to use a consent-to-let for current NatWest home loan clients seeking to allow a property out on a domestic home loan, so long as no lease has been compensated by a relative since this is a regulated BTL.