Portfolio buy to let mortgages
Perfect for landlords who own four or more mortgaged rental properties
Talk to our mortgage team
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.
And just so you know, we’ll always check that our mortgages are right for you before we make you an offer.
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Find a mortgageOur 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
Start your application
0345 605 0500
Monday, Tuesday, Thursday, Friday 9am to 5pm
Wednesday 9:45am to 5pm
Saturday 9am to 1pm.
Existing mortgage customers
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
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