Buy-to-Let Mortgages

What is a buy-to-let mortgage?

A buy-to-let mortgage is designed for properties you intend to rent out. They typically require a larger deposit than residential mortgages and have different affordability criteria based on expected rental income rather than just personal income. Read our buy-to-let guide for a complete overview.

Our buy-to-let expertise

• Standard buy-to-let — single residential properties let to tenants
• HMO mortgages — Houses in Multiple Occupation and multi-lets
• Portfolio landlords — specialist lending for landlords with 4+ properties
• Limited company purchases — tax-efficient structures via SPVs
• Holiday let mortgages — short-term rental properties
• Remortgaging — refinance existing buy-to-let properties

Buy-to-let requirements

To qualify for a buy-to-let mortgage you'll typically need (don't forget to check the stamp duty calculator for the additional property surcharge):

• A minimum deposit of 25% (some lenders accept 20%)
• Rental income covering 125-145% of the mortgage payment — use our mortgage calculator to estimate
• A minimum personal income of £25,000 (varies by lender)
• To be at least 21 years old (some lenders require 25+)
• A reasonable credit history (see our adverse credit mortgages if your credit is imperfect)