BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection...

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BTL Product Selection Guide Use this guide to find the appropriate product range for your Buy to Let client. Navigate through this guide using the buttons on the screen. Use the Back button to return to the previous question or Restart to return to the beginning. Click here to Start If your client is converting, or has converted, from Residential to Buy to Let; the application date referred to in this guide is the date they applied to convert to Buy to Let. 12.02.21

Transcript of BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection...

Page 1: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Use this guide to find the appropriate product range for your Buy to Let client.

Navigate through this guide using the buttons on the screen.

Use the Back button to return to the previous question or Restart to return to the beginning.

Click here to Start

If your client is converting, or has converted, from Residential to Buy to Let; the application date referred to in this guide is the date they applied to convert to Buy to Let. 12.02.21

Page 2: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Select Transaction Type

Product Transfer

Porting Further Advance

Back

Existing Borrowers For Multi-Transactions, check each element separately.

New Borrowers

Purchase Remortgage

Page 3: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 4: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client should select from the Standard BTL range.

Back Restart

Page 5: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client must select from the Portfolio Landlord BTL range.

Back Restart

Page 6: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Did your client apply for their BTL mortgage on or after 16 May 2019?

Yes No

Back Restart

Page 7: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client should select from the Standard BTL range.

Back Restart

Page 8: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 9: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client should select from the Standard BTL range.

Back Restart

Page 10: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client must select from the Portfolio Landlord BTL range.

Back Restart

Page 11: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

More specifically, what type of porting?

Porting with Additional borrowing

Porting Like for Like

Porting and Downsizing

Back Restart

Page 12: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

How much is the Additional Borrowing?

Greater than £5,000

Equal to, or less than, £5,000

Back Restart

Page 13: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Is your client porting a Flexx for Term product?

Yes No

Back Restart

Page 14: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 15: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing balances plus the additional borrowing

on their existing product.

Back Restart

Page 16: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing products like for like.

All additional borrowing should be on a product selected from the Standard

BTL range.

Back Restart

Page 17: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing products like for like.

All additional borrowing must be on a

product selected from the Portfolio Landlord BTL range.

Back Restart

Page 18: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing product(s) regardless of their Portfolio

Landlord status.

Back Restart

Page 19: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client may Port their existing sub accounts and reduce their balance regardless of their

Portfolio Landlord status.

Any sub accounts with a balance below £5000 must be ported like for like.

Sub accounts being reduced must have a minimum balance of £5000 to be ported.

Back Restart

Page 20: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Did your client apply for their mortgage on or after 16 May 2019?

Yes No

Back Restart

Page 21: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 22: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing product(s) and borrow extra on their existing Flexx for Term product or a

product from the Standard BTL range.

Back Restart

Page 23: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing product(s) and borrow extra on their existing Flexx for Term product or a

product from the Portfolio Landlord BTL range.

Back Restart

Page 24: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 25: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing product(s) and borrow extra on their existing Flexx for Term product or a

product from the Standard BTL range.

Back Restart

Page 26: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Is their current Flexx for Term a Portfolio Landlord product?

Yes No

Back Restart

Page 27: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing product.

All additional borrowing must be on a product from the Portfolio Landlord BTL

range.

Back Restart

Page 28: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can Port their existing products and borrow extra on their current Portfolio Landlord Flexx for Term product or select a new product

from the Portfolio Landlord BTL range.

Back Restart

Page 29: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Is your client on a Flexx for Term product?

Yes No

Back Restart

Page 30: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 31: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client should select from the Standard BTL range.

Back Restart

Page 32: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client must select from the Portfolio Landlord BTL range.

Back Restart

Page 33: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Did your client apply for their current Flexx for Term product on or

after 16 May 2019?

Yes No

Back Restart

Page 34: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 35: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can borrow extra on their existing Flexx for Term product or select a new product from the Standard BTL range.

Back Restart

Page 36: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can borrow extra on their existing Flexx for Term product or select a new product from the Portfolio Landlord

BTL range.

Back Restart

Page 37: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL mortgages including this application?

Yes No

Back Restart

Page 38: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client can borrow extra on their existing Flexx for Term product or select a new product from the Standard BTL range.

Back Restart

Page 39: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Is their current Flexx for Term a Portfolio Landlord product?

Yes No

Back Restart

Page 40: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client must select a new product from the Portfolio Landlord BTL range.

Back Restart

Page 41: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client may borrow extra on their existing Flexx for Term product or select a new product from the Portfolio Landlord

BTL range.

Back Restart

Page 42: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Does your client have 4 or more BTL

mortgages including this application?

Yes No

Back Restart

Page 43: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client should select from the Standard BTL range.

Back Restart

Page 44: BTL Product Selection Guide - Coventry Building Society · 2020. 12. 4. · BTL Product Selection Guide Your client may Port their existing sub accounts and reduce their balance regardless

BTL Product Selection Guide

Your client must select from the Portfolio Landlord BTL range.

Back Restart