“Consumer Buy to Lets” are mortgage contracts that are regulated by the Financial Conduct Authority to protect accidental landlords.
If you already own a property that you intend to now rent out, it will be classed as Consumer Buy to Let if:
- You have no other properties that are currently rented out to non family members
- You or an immediate family member have ever lived in the property since owning it
If these circumstances apply to you, your loan may be classed as “Consumer Buy to Let” and at present, we will be unable to offer you a loan.