Our buy-to-let best bits
There are lots of reasons to do non-portfolio landlord business with us
What we offer
- Up to 75% LTV - maximum loan is £1m and minimum property value is £50,000.
- Up to 80% LTV - maximum loan is £350,000 and minimum property value is £100,000.
- No minimum personal income needed, unless you're top slicing.
- Top slicing on loans up to 75% LTV, providing the rent covers the mortgage at 100% stressed at the higher of 5.5% or pay rate + 2%. The minimum personal income is £50,000 and the maximum age is 75.
- Borrowing up to £3m with Virgin Money.
- Day one remortgages (applied for within 6 months of completion), valued at the original purchase price or current value - whichever is lower.
- First time landlords are fine, as long as at least one applicant is an owner occupier and has been for 6 months or more.
Your guide to buy-to-let
Extra helpful info, from tips on top slicing to clarity on consumer buy-to-lets
Rental cover test
Use the highest stress rate that applies to check your case meets our test
Purchase or remortgage with additional borrowing
Interest cover ratio
125% or 145%
125% basic / 145% higher or additional tax payers
Stress rate: 5+ year fixed
4.5% or pay rate +1%
Stress rate: any other product
5.5% or pay rate +2%
Remortgage with no additional borrowing
Interest cover ratio
125%
Stress rate: 5+ year fixed
5% or pay rate +1%
4.5% or pay rate +1% basic tax payers
Stress rate: any other product
5% or pay rate +1%
Top slicing using personal income - all cases
Interest cover ratio
100%
Stress rate: all products
5.5% or pay rate +2%
Find your BDM
On the phone or in person, our business development managers are here to help.
Best for buy-to-lets
Voted Moneyfacts best buy-to-let mortgage provider 6 years running
