When buying the property with the intention of subletting, the mortgage offer must be a buy to let mortgage. The offer will usually set out the lender’s requirements in terms of a tenancy agreement and whilst each lender is different, most will need the following as a minimum:

  1. Any tenancy is an Assured Shorthold Tenancy for a term of no more than 6/12 months;
  2. There is no provision allowing the tenant to stay on beyond the expiry of the term or to perpetually renew it;
  3. The tenant is not a relative of the borrower.

Some lenders will require a counterpart or certified copy tenancy agreement to be sent to them on completion


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