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Bigger, better
buy-to-let

We mean business when it comes to buy-to-let. We’ve opened the door to portfolio landlords, improved affordability, added new incentives and increased our maximum mortgage term. More for you and your clients to love.

The Buy-to-Let Zone provides all the useful information you need to submit buy-to-let business to us.

For anything else, speak to your dedicated Business Development Manager or Regional Service Team.

Two times winner Moneyfacts award Best Buy-to-let Mortgage Provider 2016 - 2017Winner Moneywise customer service awards 2018 Most Trusted Buy-to-let Mortgage Provider
 

Tools and Resources

Our calculators and guides are designed to help you discuss purchasing a buy-to-let with your clients. We hope you find them useful.

 

Affordability Calculator

Help customers find out how much they can borrow.

Go to affordability calculator 

Tax Change Calculator

Help customers understand changes to HMRC's buy-to-let tax relief.

Download excel calculator

 
Your guide to buy-to-let

Your guide to buy-to-let

Help and support for intermediaries

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A landlord guide to buy-to-let

A landlord guide to buy-to-let

Help and support for landlords

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Portfolio Landlords

We accept portfolio landlord applications. To make it simple for you to submit business, we've created some handy materials.

 

Introductory Video

Buy-to-let for portfolio landlords

Watch now

Useful information

Download our buy-to-let portfolio landlord guides

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Lending for portfolio landlords

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How to submit your applications

 

Need more information on our policy and criteria? Visit our portfolio landlord page 

Why you should recommend Virgin Money for buy-to-let

 

Products and Features

  • Free valuations for remortgages (on properties under £3m) and a choice of free standard legal work or cashback.
  • Cashback for purchase customers.
  • Fixed rate and tracker mortgages available.
  • Fee options including flat fee and fee saver.
  • Day one remortgages available, with the valuation based on the original purchase price if within six months of completion.
  • Flexible features – your clients can make overpayments and apply for payment holidays (subject to criteria) which can be useful to offset rental voids.

Lending policy highlights

  • Maximum LTV is 80%. For BTL portfolio landlords the maximum LTV is 75%.
  • Minimum property value for loans up to 75% LTV is £50,000. For loans greater than 75% LTV, the minimum property value is £100,000.
  • Maximum borrowing of £3 million with Virgin Money (five properties for portfolio landlords).
  • Maximum number of mortgaged buy-to-let properties with any lender we will accept is 10.
  • Maximum loan size of £1 million, with no minimum loan size. Where the LTV is greater than 75% the maximum loan size is £350,000.
  • Minimum combined income of £25,000, excluding income received from BTL properties.
  • First time landlords accepted, as long as they aren’t first time buyers. Applicants must be an owner occupier and have had owner occupier status for at least six months on the date of decision. This applies to at least one applicant on joint applications.
  • If remortgaging a main residence onto a buy-to-let product, your client must complete on a new residential property at the same time.
  • We class capital raising on unencumbered properties as a remortgage.

Great service

  • Dedicated Regional Service Teams who know your area well.
  • Offers to your customers within 10 working days of receiving a fully-packaged application, or we’ll give them £100 (Please read the service conditions).
  • Access to all our mortgages - we don’t keep the best deals to help us find new customers ourselves.
  • At least 24 hours’ notice before we increase the rates on our mortgage products.
  • Discounts from across the Virgin Group for you and your clients too when they become a Virgin Money customer. View our Virgin Group offers.
 

Want to know more?

Talk to your dedicated BDM, or check out our latest deals, policy and other information available across our website.

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