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Help and guides for buy-to-let

Becoming a landlord is an exciting opportunity, but also needs to be carefully considered. The key to a successful buy-to-let investment is to plan your finances and choose the right property, and our useful guides can help you on your way.

Our buy-to-let and consumer buy-to-let mortgage criteria

  • The maximum loan to value for a buy-to-let mortgage with Virgin Money is 75%.
  • Your minimum personal income (excluding income received from buy-to-let properties) needs to be £25,000 per annum. If your application is in joint names, the combined minimum income will also be £25,000. Where personal income is used for affordability, a minimum combined gross income of £50,000 is required.
  • The rental income must cover 145% of the mortgage interest and this will be calculated in one of the following ways:
    • All products, with the exception of five year fixed rate, will be calculated on a notional rate of 5.50%.
    • Five year fixed rate products, will be calculated at 5.00%.

If remortgaging a buy-to-let property and additional borrowing is not required, this will be calculated at a rental income of 125%, plus stress test interest rate of 5.50% across all products.

If there is a rental shortfall between 100% and 145%, we will accept your personal income to cover this.

  • We do not accept applications from portfolio landlords, defined as having four or more mortgaged buy-to-let properties on completion of the new mortgage application.
  • We do not accept buy-to-let applications for first time buyers. For joint applications, at least one applicant must have been an owner occupier for at least 6 months on the date of decision, and we may request evidence of this.

Existing customers

Already have a mortgage with us?

Find out how to view and choose a new deal – you may even be able to do so online in just a few minutes.

5-10 minutes to find your new deal

Costs to consider

Choosing the right property

Choosing your tenants

Finding good tenants isn’t something you should take lightly; after all they will be living in and essentially looking after your property.

Other things to consider

Frequently asked questions

How long is a mortgage offer valid for?

A mortgage offer is valid for 16 weeks. To see what mortgages we currently have on offer, including what your monthly payment could be, use our mortgage finder or call us to speak to one of our mortgage experts.

What valuation fee will I have to pay?

If you are buying a new home then you will have to pay for a valuation of the property.

View our valuation fees

Visit our mortgages questions and answers page

View our most frequently asked questions about mortgages

Find out more

Useful links

GOV.UK mortgages


Your home may be repossessed if you do not keep up repayments on your mortgage.


Find a mortgage

View our mortgages and find out how much your monthly payment could be.

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