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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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.

CriteriaPurchaseRemortgage no additional borrowingRemortgage with additional borrowing
Maximum of 5 BTL mortgages / £3m lending with Virgin MoneyYes
Yes
Yes
Yes
Yes
Yes
Minimum 24 months landlord experience required?Yes
Yes
No
No
Yes
Yes
Maximum number of mortgaged BTL properties (across all lenders)10N/A10
Maximum number of BTL properties within the same postcode5N/A5
Maximum LTV across the portfolio (aggregate)75%N/A75%
Minimum rental calculation of 135% ICR stressed at 5% across the portfolio (aggregate)Yes
Yes
N/AYes
Yes
Personal income accepted?Yes
Yes
No
No
Yes
Yes
Business plan, cashflow & property schedule requiredYes
Yes
No
No
Yes
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% or a notional rate of 5.50%, whichever is higher. Five year fixed rate products stressed at 4.5%.
  • If you're remortgaging and don't require additional borrowing, this will be calculated at 125% ICR, stressed at a rate of 5.00% across all products.
  • Minimum combined income of £25,000 per year required.

Why choose one of our mortgages?

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New customers

Call us to discuss our range of accounts on

0330 311 4788

We're here from 8am - 6pm Monday to Friday, 9am - 2pm Saturday.

Existing customers

Call us to discuss our range of accounts on

0330 127 7980

We're here from 8am - 6pm Monday to Friday, 9am - 1pm Saturday.

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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:

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Your Mortgage Awards 2019 -2020. Best buy-to-let mortgage lender. Virgin Money

Your Mortgage

Best buy-to-let mortgage lender 2019 - 2020

Mortgage Finance Gazette awards 2020 - winner best buy-to-let lender.

Mortgage Finance Gazette

Best buy-to-let lender 2020

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