Fleet Mortgages has a different underwriting process for Portfolio Landlords. You will find all the details of how to submit your application as well as useful documents to help guide you through the process.
How we define a Portfolio Landlord
Fleet Mortgages has a different underwriting process for Portfolio Landlords where all applicants, individually or collectively, own 4 or more existing BTL properties or 3 properties where an application is being submitted to Fleet to purchase a fourth.
CoreLogic Buy to Let Hub
We work with CoreLogic to give our intermediary partners access to the Buy to Let Hub. This makes it quick and easy for you to submit details of your clients’ property portfolio to us.
To commence underwriting, both an Existing Property Portfolio Schedule and Portfolio Landlord Questionnaire are required:
1. Existing Property Portfolio Schedule
Where all applicants, individually or collectively, own 4 or more existing BTL properties, or 3 properties where an application is being submitted to Fleet to purchase a fourth, we will request a property schedule that details the portfolio. Information is gathered via CoreLogic (Buy to Let Hub) allowing instant submission in real-time direct to our underwriters stress testing the whole portfolio at 125% @ 5% with a maximum overall LTV of 75%. If you already have previous data stored within the hub, you can use that information to create a new portfolio submission for Fleet Mortgages.
You can enter the details of your client’s property portfolio directly into a spreadsheet which you can download here: Property Portfolio Schedule
You can then upload the completed spreadsheet directly to the BTL Hub.
2. Portfolio Landlords Questionnaire
We have combined a simple business plan and cashflow forecast into an easy-to-complete questionnaire – only existing landlords are required to complete the questionnaire: Portfolio Landlord Questionnaire.
BTL Hub User Guide
We have created a step-by-step guide to help you when using the Buy to Let Hub including FAQs. Download the Guide.
Fleet Broker Support Team: 01252 916800
CoreLogic Support: 0333 123 1417
For getting in touch.
A member of our team will contact you.