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Buy to Let Mortgages - Acceptable Tenants

If you have a Buy to Let Mortgage then your Mortgage Offer sets out the conditions which apply to our agreement to you letting the Property which is security for our loan. These are set out in the Offer Conditions and include a list of tenancies that are unacceptable to us as tenants for the property. We have amended that list so you may now let the property to tenants in receipt of housing benefit.

The revised list of individuals that are unacceptable as tenants for the Property is:

  • tenants who do not have the right to rent in the UK;
  • multiple tenancies (including for the avoidance of doubt houses in multiple occupation) - unless your mortgage was for a House in Multiple Occupation (HMO) and the Mortgage Offer states that the restriction on creating multiple tenancies does not apply;
  • Local Authority tenants;
  • people who could claim diplomatic immunity;
  • holiday lets - unless you mortgage was for a holiday let Property and the Mortgage Offer states that you must only use the Property as a furnished holiday let);
  • your family members (including for example your spouse, civil partner, parents, grandparents, siblings, children, grandchildren, children of your siblings or grandparents).

Your mortgage is secured on your home. Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.