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Why choose a Virgin Money mortgage?

Own your property and own your mortgage. Our deals flex when you need them to, putting you in control.

  • 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.

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

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How much can you borrow?

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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.

CriteriaPurchaseRemortgage no additional borrowingRemortgage with additional borrowing
Maximum of 5 BTL mortgages / £3m lending with Virgin Money Yes
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/A Yes
 Yes
Personal income accepted? Yes
 Yes
No
 No
Yes
 Yes
Business plan, cashflow & property schedule required Yes
 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.

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?

Our mortgage specialists are here to answer your questions, talk through your needs and help you apply.

New customers

Start your application

0333 331 4496

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

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Book a free callback for a time that suits you best.

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Got a quick question?

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Existing mortgage customers

Phone us on

0330 127 4474

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

Got a quick question?

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