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Additional Paperwork

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Questions lenders are asking

  • Have your tenant(s)/prospective tenant(s) been impacted by COVID-19? 
  • If so, how does this impact your rental income?
  • What plans do you have in place in the face of extended rental voids, or shortfalls in payments from tenants?
  • Have you experienced any change in business as a result of the COVID 19 pandemic? If yes, how have you been affected?
  • Do you have a contingency plan in place?
  • What is your current level of income?
  • How will mortgage payments be maintained?

Additional supporting paperwork that has been requested

  • Latest months personal bank statement
  • Copy of current AST and bank statement showing most recent rent received for the subject property
  • Evidence of funds to support 3 months of rental voids
  • Business Plan

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.