We’ve made it easier for brokers to support landlord clients with leasehold properties with clearer criteria and a simpler approach. This means simpler, quicker processing for purchases and remortgages of BTL leasehold properties, and greater certainty for brokers and their customers.
What’s Changed?
Leasehold Buy to Let
We’ve streamlined our process by removing the need for a comfort charge where the freeholder and leaseholder differ, helping brokers place cases more quickly and easily with UTB.
Specialist Property Types
We’ve simplified and strengthened our guidance for specialist Buy to Let properties, making it easier for brokers to understand what we can support and submit cases with confidence.
Including:
• HMOs – clearer requirements and eligibility criteria.
• MUBs – improved clarity on acceptable property structures.
• Holiday Lets – enhanced guidance on acceptable applications and borrower profiles.
Case Study: Leasehold HMO Purchase Through an SPV
A broker approached UTB to finance the purchase of a leasehold HMO through an SPV Limited Company. Thanks to our clearer criteria for specialist property types and the removal of the comfort charge requirement where the freeholder and leaseholder differ, the broker had certainty from the outset and the case progressed smoothly.
Outcome:
• Leasehold HMO accepted through an SPV
• Clear criteria provided confidence from day one
• Reduced administration and complexity
• Smooth journey from application to offer
***FOR PROFESSIONAL INTERMEDIARIES ONLY***