Free legal and valuation feesOur buy-to-let remortgage deals come with a free basic valuation and standard legal costs included.
Terms to suit youFixed rate deals for 2,3,5,7, 10 and even 15 years.
Flexibility as standardYou can make overpayments of up to 10% per year without an Early Repayment Charge and take payment holidays subject to our agreement.
Check you're mortgage ready
Stepping up your search? Take five minutes and see how much we may lend to you, without affecting your credit score.Check now
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.Use our easy calculator
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||N/A|| Yes|
|Personal income accepted?|| Yes|| No|| Yes|
|Business plan, cashflow & property schedule required|| Yes|| No|| 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 advisers are here to answer your questions, talk through your needs and help you through the process.
Not convenient now?
Book a free callback at a time to suit you.Arrange a callback
0345 605 0500
We're here from 8am - 6pm Monday to Friday, 9am - 2pm Saturday.
0345 602 8301
We're here from 8am - 6pm Monday to Friday, 9am - 1pm Saturday.Call charges and information
|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
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.
Explore Brighter Money
From lockdown home to happy place
Twelve homeowners share the clever, practical ways they pimped their homes during lockdown
Eight things I wish I’d known before buying my first home
Journalist Kate Bussmann gives her insider take on how to come out the other side unscathed (and with a house that you love!)
What does the Stamp Duty change mean for me?
Alina from our Red Team speaks to property expert Lucian Cook about the current stamp duty cuts, and who can benefit.
Best buy-to-let mortgage lender 2019 - 2020
Mortgage Finance Gazette
Best buy-to-let lender 2021
Best buy-to-let mortgage provider 2019 - 2021