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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?

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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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
Play YouTube videoYes
 Play YouTube videoYes
 Play YouTube videoYes
Minimum 24 months landlord experience required?Yes
 Play YouTube videoYes
 Play YouTube videoNo
 Play YouTube videoYes
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
 Play YouTube videoYes
Assessed at 125% ICR stressed at 5% (portfolio aggregate)Yes
 Play YouTube videoYes
Personal income accepted?Yes
 Play YouTube videoYes
 Play YouTube videoNo
 Play YouTube videoYes
Business plan & cashflow required?Yes
 Play YouTube videoYes
 Play YouTube videoNo
 Play YouTube videoYes
Property schedule required?Yes
 Play YouTube videoYes
We may ask for this, we'll let you knowYes
 Play YouTube videoYes

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).

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 help answer your questions, talk through your needs, then help you apply by arranging an appointment with one of our mortgage and protection advisors.

New customers

Start your application

0345 605 0500

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

Let us call you

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

0345 602 8301

Monday, Tuesday, Thursday, Friday, 8:00am to 6:00pm

Wednesday, 9:30am to 6:00pm

Saturday. 9:00am to 1:00pm

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