Award winning buy-to-let mortgages
From securing your first tenant to growing your portfolio, we've got you covered.
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Free legal and valuation fees
Our buy-to-let remortgage deals come with free basic valuation and standard legal costs included.We really know our stuff
9 in 10 customers* think we’re ‘very knowledgeable’ and felt that ‘information was clearly explained’.Terms to suit you
Fixed rate deals for 2, 3, 5, 7, 10 and even 15 years.Flexibility as standard
You can make overpayments of up to 10% per year without an Early Repayment Charge and take payment holidays subject to our agreement.
And just so you know, we’ll always check that our mortgages are right for you before we make you an offer.
*These results are from a Virgin Money customer service survey carried out between November 2021 and January 2022.
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Starting out on your journey? Use our quick calculator to get an idea of how much you could borrow from us.
Use our easy calculatorOur lending criteria
- Where personal income is used for affordability we require a minimum personal income of £50,000 (excluding income received from BTL properties).
- Rental income must cover at least 145% of the mortgage interest payment. This is known as the interest coverage ratio (ICR) and is stressed at the product rate +2%, a nominal rate of 5.5% or the BTL Variable Rate, whichever is higher. For five year fixed rate products it’s the product rate +1% or a nominal rate of 4.5%, whichever is higher. If you’re remortgaging and don’t require additional borrowing, the rental income must cover at least 125% of the mortgage interest payment, stressed at the product rate +1% or a nominal rate of 5%, whichever is higher.
- We will accept personal income to cover rental shortfalls between 100% and 145% of ICR.
- Personal income is not considered for BTL portfolio landlords, LTVs greater than 75% or when the terms extends beyond 75 years of age.
- Usually you must own your home for 6 months before applying. This does not apply to Buy to Let portfolio landlords.
Compare our mortgages
View our mortgages and find out how much your monthly payment could be.
Find a mortgagePortfolio landlords
We support mortgage applications from landlords with four or more mortgages buy-to-let properties.
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Need more help?
Get the lowdown on being a landlord with our clear and simple guides
Buy-to-let guides
Already got a mortgage with us?
If your current mortgage deal is coming to an end, see if our new mortgage rates could save you money.
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Fancy a chat?
For a helping hand or some friendly mortgage advice, here's how to get in touch
New customers
Start your application
0345 605 0500
Monday, Tuesday, Thursday, Friday 8am to 6pm
Wednesday 9:30am to 6pm
Saturday 9am to 1pm
Existing mortgage customers
Call us on
0345 602 8301
Monday, Tuesday, Thursday, Friday 8am to 6pm
Wednesday 9:30am to 6pm
Saturday 9am to 1pm
Call charges and information
| Number | Cost |
|---|---|
| 03 numbers | Same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. |
| 084 numbers | Maximum of 7p per minute, plus your phone company's access charge. |
| 087 numbers | Maximum of 13p per minute, plus your phone company's access charge. |
| 0800 numbers | Free from UK landlines and personal mobile phones. |
Frequently asked questions
To make things as straightforward as possible, it would be great if you have the following to hand for all applicants:
- Income details
- If employed you will need:
- Gross annual salary, bonus & overtime
- If you are self-employed:
- Last 2 years’ net profit/director’s salary.
- Last 3 months’ business bank statements.
- If employed you will need:
- UK address history for the last 3 years
- Details of your monthly expenditure (PDF, 80.05KB) (your bank statements will come in handy here)
Monthly Expenditure PDF opens in a new window Link opens in a new window - Details of any credit commitments (including payments, balances and interest rates)
- Pension payments from your payslip
- Details of any existing Life Insurance policies and have these documents to hand
After you’ve applied for your mortgage, you just need to sign and return the application form and pay any applicable fees.
Once returned to us, your application will be assessed by an underwriter, and we'll keep you updated throughout the process.
Your first mortgage payment will be due on the 7th of the month following completion.
Tools and information
Mortgage calculators and tools
Mystified by mortgages? Our helpful calculators and tools can help you.
Bank of England base rate changes
Information about changes to the base rate and how it may affect you.
Tariff of mortgage charges
This same document is being used across the industry to help customers compare mortgages.
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Best buy-to-let lender 2021
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