Buy to Let Lending Criteria for benefits
Lending criteria
Benefits
We can accept 100% of the following benefits:
- Widows pension
- Retirement pension
- War widows pension
- War disablement pension
- Child Benefit
- Foster carers
- Special Guardianship
We can also accept 60% of the following benefits:
- Disability living allowance (DLA)
- Personal independence payment (PIP)
- NI Contributions based Employment Support Allowance (ESA)
- Carer’s allowance (CA)
- Industrial injuries disablement benefit (IIDB)
- Scottish Child Disability Payment (CDP)
Evidence Required
- The award letter will be required to evidence this income along with bank statements.
- Bank statements will be required to evidence the last 3 benefit credits. Where Employment and support allowance is utilised, we will require a copy of the award letter and the latest bank statement evidencing the benefit credit.