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.
Please note, our standard buy-to-let lending criteria also applies.
|Portfolio buy-to-let lending criteria||Purchase||Remortgage
|Maximum of 5 BTL mortgages / £3m lending with Virgin Money||Included||Included||Included|
|Minimum 24 months landlord experience required?||Included||Not included||Included|
|Maximum number of mortgaged BTL properties (across all lenders)||10||N/A||10|
|Maximum amount of BTL properties in the same postcode area||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)||Included||N/A||Included|
|Personal income accepted?||Not included||Not included||Not included|
|Business plan, cashflow & property schedule required||Included||Not included||Included|
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: