Minimum period background property let before can be ignored (months)

Our standard acceptability

2

Criteria definition:

Indicates the minimum period (in months) any background properties that are Let or to be Let must have been Let for before they can potentially be discounted from a commitment point of view for affordability purposes. 

Policy Notes:

We state that the property needs to be let either on or shortly after the completion of the mortgage. Although we don't stipulate exactly how long that is we would normally expect the property to be let within a month or two of completion.

Criteria categories:

• general
• Policy

Last updated:

29 August 2018