PORTFOLIO
BUY-TO-LET MORTGAGES

Our range of mortgages are perfect for landlords who own four or more mortgaged rental properties.

Your Mortgage Awards 2016 - 2017 - Best Remortgage Lender - Virgin Money. Business Moneyfacts Award 2016 - Best Buy-to-Let Mortgage Provider.
 

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

  • Keeping upfront costs down
    Our remortgage deals come with free basic valuations and either free standard legal work or cashback. We also offer cashback on selected purchase products.
  • Flexibility as standard
    You can make overpayments up to 10% a year and take payment holidays, subject to our agreement.
  • More reasons to love us
    Enjoy fantastic Virgin Group offers and access to our exclusive customer Lounges.

Compare our mortgages


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.

Please note, our standard buy-to-let lending criteria also applies.

Our standard buy-to-let criteria explained

  • Minimum rental calculation of 145% interest coverage ratio (ICR) stressed at a rate of 5.50% (5 year fixed rate products @ 5.24%).
  • If you're remortgaging and don't require additional borrowing, this will be calculated at 125% ICR, stressed at a rate of 5.50% across all products.
  • Minimum combined income of £25,000 per year required.
Portfolio buy-to-let lending criteriaPurchaseRemortgage no additional borrowingRemortgage with additional borrowing
Maximum of 5 BTL mortgages / £3m lending with Virgin MoneyIncludedIncludedIncluded
Minimum 24 months landlord experience required?IncludedNot includedIncluded
Maximum number of mortgaged BTL properties (across all lenders)10N/A10
Maximum amount of BTL properties in the same postcode area5N/A5
Max amount of BTL properties bought within the last 12 months2N/A2
Maximum LTV across the portfolio (aggregate)70%N/A70%
Minimum rental calculation of 145% ICR stressed at 5% across the portfolio (aggregate)IncludedN/AIncluded
Personal income accepted?Not includedNot includedNot included
Business plan, cashflow & property schedule requiredIncludedNot includedIncluded

Check your eligibility

Get an idea of how much we can lend you without affecting your credit rating. It takes just five minutes to input your details and get a result.

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Like to talk to us?

New customers

0800 028 5277

We're here from 8am to 8pm Monday to Friday, 9am to 3pm Saturdays and 10am to 3pm Sundays.

Existing customers

0345 602 8301

We're here from 8am to 8pm Monday to Friday and 9am to 1pm Saturdays.

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We're here from 8am to 8pm Monday to Friday, 9am to 3pm Saturdays and 10am to 3pm Sundays.

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Calls may be recorded for training and quality purposes.

What we will 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: