Landlord Finance Eligibility

    To qualify for a Factored rent advance a landlord needs a UK residential property, a signed tenancy agreement and proof of ownership. There is no minimum portfolio size and no hard credit search, and approximately 90% of landlord applications are approved and funded within 24 hours.

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    Who qualifies

    • UK residential landlords in England, Wales, Scotland and Northern Ireland.
    • Individual landlords, limited companies and SPVs.
    • Single properties through to portfolios of any size.
    • HMOs, bedsits, student accommodation and council-let properties.
    • Landlords whose age or property type limits mainstream lending.

    What Factored assesses

    Factored looks at the contracted rental income and the quality of the tenancy rather than running a hard credit search. That means the tenancy agreement, the rent, the payment history and the property's condition and compliance.

    Documents required

    • Signed tenancy agreement for the property being funded.
    • Proof of ownership, usually the Land Registry title.
    • Standard identity verification.
    • Bank details for the payout.

    Eligibility compared with mainstream landlord lending

    Eligibility compared with mainstream landlord lending
    RequirementFactored rent advanceBuy-to-let lender
    Hard credit searchNoYes
    Minimum equityNoneTypically 25%
    Property valuationNot requiredRequired
    Age limitsNone appliedOften capped at 75 to 85
    HMO and student letsAcceptedRestricted by many lenders
    Approval rateAround 90%Varies by lender and profile

    When a rent advance may not suit you

    • A rent advance is sized on contracted rental income, so it is not the right route for sums far larger than the rent a property produces. Purchases and large developments are usually better served by a mortgage or a bridging facility.
    • Because settlement comes out of rent already being collected, landlords who need that full rent for monthly mortgage payments should check the reduced income still covers their outgoings before applying.
    • A property with no tenancy in place, or with rent not being paid, will not qualify — the advance is priced against rent that is contracted and flowing.
    • Where a landlord wants the cheapest possible cost of capital over several years and can wait weeks for funds, refinancing at a low rate may be less expensive than a short-term advance.

    Sources and official guidance

    Frequently asked questions

    Do I need a minimum number of properties?

    No. Factored funds landlords with a single rental property as well as portfolio landlords with dozens of tenancies.

    Will my credit file be affected?

    Factored carries out a soft search only, so applying does not leave a hard footprint on the landlord's credit file.

    Are HMOs eligible?

    Yes. HMOs, bedsits, student accommodation and council-let properties are all eligible for a Factored rent advance.

    Can limited company landlords apply?

    Yes. Individual landlords, limited companies and SPVs can all apply for advances of £1,000 to £75,000.

    How long does approval take?

    Most landlords receive a decision the same day and funds within 24 hours of signing.

    Related Factored guides

    Get a rent advance of £1,000 to £75,000

    Factored funds UK landlords within 24 hours, with no legal fees, no valuation and no charge on the property.