If you’re considering an investment in a buy-to-let property for the first-time, or your situation means that you need a new buy-to-let mortgage, you may be wondering what information and paperwork we will need.

A large part of a successful application is the preparation, and this is often where you will spend most of your time during the process; gathering the documentation the lender will require.

So, what information will be required? Initially, the lender will need key details about the property itself. These are generally the following initial points:

• The full address
• Current value
• Whether it’s an ex-local authority property or not
• Which floor it’s on (if a flat)
• Whether a leasehold or freehold
• Construction type (if not bricks and mortar)

The lender will then arrange an official valuation and require a copy of the EPC certificate.

Other details the lender will need to know is what rental income the property is generating (or you expect it will generate). This will be used to calculate whether the income generated will sufficiently cover the repayment and costs based on the lender’s stress test.

The lender may require a copy of your tenancy agreement and some lenders might require a copy of financial details (such as company accounts if a limited company or bank statements/self-assessment returns if you’re a sole trader).

The final bit of paperwork needed will be evidence of who you (or the directors if a limited company) are. This will be something like a passport of photocard driving license along with evidence of your address.

Depending on your circumstances, lenders may require other documentation (such as a credit check) and we would be able to advise about this on a case-by-case basis.

Can we help?

Our team are experienced in providing homeowners and investors with the most suitable mortgage products. You can either call us on 01322 553282 or contact us online.