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Help and guides for buy-to-let

Becoming a landlord is an exciting opportunity, but also needs to be carefully considered. The key to a successful buy-to-let investment is to plan your finances and choose the right property, and our useful guides can help you on your way.

Our buy-to-let mortgage criteria

  • The maximum loan to value for a buy-to-let mortgage with Virgin Money is 75%.
  • Your minimum personal income (excluding income received from buy-to-let properties) needs to be £25,000 per annum. If your application is in joint names, the combined minimum income will also be £25,000.
  • The rental income must cover 125% of the mortgage interest, calculated at a notional rate of 5.99% or the pay rate of the selected product, whichever is higher.
  • We do not accept BTL applications for first time buyers. For joint applications, at least one applicant must have been an owner occupier for at least 6 months on the date of decision, and we may request evidence of this.

Costs to consider

Choosing the right property

Choosing your tenants

Finding good tenants isn’t something you should take lightly; after all they will be living in and essentially looking after your property.

Other things to consider

Frequently asked questions

How long is a mortgage offer valid for?

A mortgage offer is valid for 16 weeks. To see what mortgages we currently have on offer, including what your monthly payment could be, use our mortgage finder, or give us a call on 0800 0285 277 to speak to one of our mortgage specialists.

Lines are open 8am to 7pm weekdays and 9am to 1pm Saturdays. Calls are charged at your service providers prevailing rate and may be monitored and recorded.

What valuation fee will I have to pay?

If you are buying a new home then you will have to pay to for a valuation of the property.

If you are remortgaging and not moving home, then you don’t have to pay for your valuation.

View our valuation fees

Ask a question

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Useful links

GOV.UK mortgages

Martin Lewis Money Saving Expert


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View our mortgages and find out how much your monthly payment could be.

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0800 028 5277

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