Practical preparation

Buy-to-Let preparation checklist

Organise the property, rental and ownership information for your adviser.

Property and rental plans

Property address, type, estimated value and condition.
Expected rental income and any existing tenancy information.
Tell your adviser if the property is an HMO, a block of flats or has mixed use.

Ownership and borrowing

Whether you plan to borrow personally or through a company.
Deposit or equity available and the source of funds.
Details of existing mortgages and other properties in your portfolio.

Affordability and costs

Discuss the lender’s rental assessment as well as loan-to-value.
Allow for fees, insurance, repairs, management, void periods and other ownership costs.
Seek independent tax and legal advice on the ownership structure and letting requirements.

Prepare securely

Ask your adviser for the documents required for your particular application.
Use the client portal for identification, bank statements and other sensitive information.
Read the recommended mortgage terms, including repayment arrangements and fees.

General preparation information, not personalised mortgage, tax or legal advice. Document requirements depend on your circumstances and the lender. Speak to your adviser for a tailored list.

Discuss your plans →