Portfolio Buy To Let Mortgages

Free legal and valuation fees
Our buy-to-let remortgage deals come with a free basic valuation and standard legal costs included.
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.
Our flexibility options.

And just so you know, we’ll always check that our mortgages are right for you before we make you an offer.

Don’t risk losing your property – keep up those mortgage repayments

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How much can you borrow?

Starting out on your journey? Use our quick calculator to get an idea of how much you could borrow from us.

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Compare our mortgages

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Our lending criteria

We define a portfolio landlord as someone with four or more mortgaged buy-to-let properties.

For joint applications, we'll take into account the total individual and joint-mortgaged properties that you own, either in your personal name, or in the name of a limited company or other legal entity.

Criteria	Purchase	Remortgage no additional borrowing	Remortgage with additional borrowing
Maximum of 5 BTL mortgages / £3m lending with Virgin Money	Yes	Yes	Yes
Minimum 24 months landlord experience required?	Yes	No	Yes
Maximum number of mortgaged BTL properties (across all lenders)	10	N/A	10
Maximum number of BTL properties within the same postcode	5	N/A	5
Maximum LTV across the portfolio (aggregate)	75%	N/A	75%
Minimum rental calculation of 135% ICR stressed at 5% across the portfolio (aggregate)	Yes	Assessed at 125% ICR stressed at 5% (portfolio aggregate)	Yes
Personal income accepted?	Yes	No	Yes
Business plan & cashflow required?	Yes	No	Yes
Property schedule required?	Yes	We may ask for this, we'll let you know	Yes

Please note: our standard buy-to-let lending criteria also applies.

Our standard buy-to-let lending criteria explained

Minimum rental calculation of 145% interest coverage ratio (ICR) 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% ICR, stressed at the product rate +1% or a nominal rate of 5%, whichever is higher.
Where personal income is used for affordability we require a minimum personal income of £50,000 (excluding income received from BTL properties).
We don’t accept BTL applications where the Mortgage is to be taken out in a Limited companies name.

What we'll need from you

In addition to the normal documents you need to submit as part of your mortgage application, i.e. identity and income verification, we also need portfolio landlords to provide us with some supporting information.

Our mortgage advisors will explain what we need, when we need it and how to send it to us. You can download copies of these documents here:

Fancy a chat?

For a helping hand or some friendly mortgage advice, here's how to get in touch

New customers

Got a quick question?

Chat live with one of our mortgage specialists.

Live Chat

Start your application

0345 605 0500

We're here Monday to Friday from 9am to 5pm, and Saturday from 9am to 1pm.

Existing mortgage customers

Contact details for existing customers

Got a quick question?

Chat live with one of our mortgage specialists.

Live Chat

Call us on

0345 602 8301

We're here Monday to Friday from 9am to 5pm, and Saturday from 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.

Tools and information

Mortgage calculators and tools

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Bank of England base rate changes

Information about changes to the base rate and how it may affect you.

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Tariff of mortgage charges

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