Construction kinds
See ‘Property Kinds’.
Customer buy-to-let
Customer buy-to-let is really a form of regulated company introduced by the MCD to give improved defenses 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 will simply connect with clients remortgaging a buy-to-let home where their goal is certainly not to profit from home cost development or leasing earnings.
We consist of this relevant concern on our application: Will the property be let down for investment purposes?
By вЂinvestment’, we imply that you’re looking to profit from leasing earnings or house price growth that is future.
In the event that response to this real question is вЂNo’, the after message is shown: Your selection has suggested customer buy-to-let status. At the moment we try not to provide this particular financing. In this situation, the application form will likely not advance.