Lender or Group Maximum Number of Mortgages

Our standard acceptability

3

Criteria definition:

Indicates if a lender has a maximum number of mortgages a borrower can have with them or within their group. For example ABC Bank might say that a borrower can have no more than X number of mortgages with them at any one time. This might be in addition to any overall monetary exposure limits the lender may have as well.

Policy Notes:

We will normally limit a borrower to no more than three BTL mortgages with the Society.

Outside Notes:

Once the Society has experience of a borrower we may permit them to have more than three BTLs with the Society

Criteria categories:
  • general
  • Policy

Last updated:

29 August 2018

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