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BTL Document Submission Checklist

BTL Document Submission Checklist

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SBI UK - BUY TO LET DOCUMENTS SUBMISSION CHECKLIST
Category Document Standard Application SPV HMO Expat
Purchase Remortgage Purchase Remortgage Purchase Remortgage Purchase Remortgage
Mandatory Documents - All Application types Proof of ID (all applicants)
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Proof of Address (all applicants)
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Latest 3 months personal bank statements for the primary applicant
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DDM: latest bank statement to verify the DDM bank details
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EPC of the subject BTL property (Rating of A to E only)
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Certification Declaration for the documents provided: KYC, Income, Bank statements, Financial accounts. ( refer BTL literature section on SBIUK's website)
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Principal Applicant: Employed Latest payslip (Last 4 weeks if paid weekly)
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Latest P60 (if available)
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Latest 3 months personal bank account statements evidencing salary credits - Principal Applicant
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Principal Applicant: Self Employed or Contractor Latest 2 years receipted postal HMRC SA302’s including HMRC covering letter OR the latest 2 years online tax year overviews together with 2 years online tax calculations/computations/SA302's
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Where 100% Rental income to considered: latest 2 years SA100's
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If primary applicant is sole trader: latest 2 years fully professionally produced trading accounts from where principal applicant derives salary and dividend payment (latest must not be older than 18 months)
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Salary and Dividend income: Latest 2 years fully professionally produced full trading accounts from where the principal applicant derives salary and dividend payments (latest must be no older than 18 months).
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Contractors - Current contract with 3 months remaining, or evidence of new or renewed contract and previous contract(s) demonstrating continuos contracting/employment for last 2 years.
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Latest 2 years fully professionally produced full trading accounts of Partnership business (if applicable)
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Principal Applicant - Retired Latest annual pension statement
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Latest 3 months personal bank accounts statement evidencing pension credits
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Deposit - Purchase transaction Evidence of monies being used as the deposit (i.e. latest savings statement)
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Deposit through Equity Release from an existing property - bank statement showing proceeds or copy of mortgage offer /illustration evidencing equity release.
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Gifted Deposit- Donor Declaration
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Remortgage transaction Copy of Latest AST  
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Latest 3 months Bank Statements showing rental credits  
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Latest itemised annual BTL mortgage statement of subject Property (if not located on credit file)  
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In case of MUFB, AST & EPC is required for all units.  
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If property is HMO- HMO licence (additional or mandatory)          
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Portfolio Landlord Documentation Latest 2 years SA100
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Schedule of existing BTL properties as per banks format
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Business Plan as per banks format
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Assets & Liabilities Statement as per banks format (pls refer sbiuk.com)
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Expat If principle applicant is Expat: Employment confirmation letter from employer            
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If principle applicant is Expat: Latest 3 months payslip's.            
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3 months bank statement showing salary credit.            
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Personal Credit Report from the country of current residence which includes the applicant(s)'s credit score (if available)            
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Proof of Address covering last 2 years addresses            
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Applicant to provide UK address with a declaration that any correspondence sent to UK address will be treated as received and accountable            
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*Please note the above is a generic checklist and actual document requirement can vary based on underwriting on a case to case basis.

Download a copy of our BTL Document Submission Checklist

 

 

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