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How much can I borrow on a buy to let mortgage?

This calculator will help you understand the sort of deposit you will need to put down against a buy-to-let property. In a buy-to-let situation a lender will also take into account the income the property will generate, as well as your personal income/assets (or business income/assets if purchasing within a company structure). They will need to see that you could still afford to pay the mortgage if the property is untenanted.

Purchase price of property

 

Monthly rent

 

A conservative estimate of what you could borrow, based on the information you have provided the mortgage calculator is

£

Popular Fixed Rate Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
TSB Direct 2 Year Fixed £995 Fee Purchase
Fixed
1.29%
Fixed until 31/10/2019
3.74% (variable)
3.50%
60%
£995
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Oct-2018; then 1.00% of loan amount redeemed to be paid until 31-Oct-2019

Popular Tracker Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct 2 Year Tracker £495 Fee Existing Borrower
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.79%
1.29% above Bank of England base rate
3.75% (variable)
3.80%
70%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 30%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019

Popular Remortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct 2 Year Tracker £995 Fee Remortgage
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.70%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019

Popular Offset Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct Offset Term Flexible £499 Fee Purchase
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.70%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge
NatWest Direct Offset Term Flexible £499 Fee Remortgage
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.80%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge
Royal Bank Of Scotland Direct Offset Term Flexible £499 Fee
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.70%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge

Popular First Time Buyer Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 30/11/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 30/11/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.84%
Fixed until 30/11/2019
3.75% (variable)
3.70%
90%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 10%
Max Mortgage Amount £550,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019
NatWest Direct Ftb 5 Year Fixed No Fee
Fixed
3.57%
Fixed until 30/11/2022
3.75% (variable)
3.90%
85%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 15%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 5.00% of loan amount redeemed to be paid until 30-Nov-2018; then 4.00% of loan amount redeemed to be paid until 30-Nov-2019; then 3.00% of loan amount redeemed to be paid until 30-Nov-2020; then 2.00% of loan amount redeemed to be paid until 30-Nov-2021; then 1.00% of loan amount redeemed to be paid until 30-Nov-2022
NatWest Direct Ftb 5 Year Fixed No Fee
Fixed
3.68%
Fixed until 30/11/2022
3.75% (variable)
3.80%
90%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 10%
Max Mortgage Amount £550,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 5.00% of loan amount redeemed to be paid until 30-Nov-2018; then 4.00% of loan amount redeemed to be paid until 30-Nov-2019; then 3.00% of loan amount redeemed to be paid until 30-Nov-2020; then 2.00% of loan amount redeemed to be paid until 30-Nov-2021; then 1.00% of loan amount redeemed to be paid until 30-Nov-2022

Popular Buy to Let Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
Royal Bank Of Scotland Direct Btl 2 Year Tracker £1995 Fee
Tracker
1.88%
1.38% above Bank of England base rate
3.75% (variable)
4%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019
NatWest Direct Btl 2 Year Tracker £1995 Fee Purchase
Tracker
1.88%
1.38% above Bank of England base rate
4.25% (variable)
4.40%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 30-Nov-2018; then 0.50% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct Btl 2 Year Fixed £995 Fee Purchase
Fixed
1.89%
Fixed until 30/11/2019
3.75% (variable)
3.60%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019
Royal Bank Of Scotland Direct Btl 2 Year Fixed £1995 Fee Remortgage
Fixed
1.99%
Fixed until 30/11/2019
3.75% (variable)
3.90%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019
NatWest Direct Btl 2 Year Fixed £995 Fee Purchase
Fixed
2.17%
Fixed until 30/11/2019
4.25% (variable)
4.10%
70%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 30%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 30-Nov-2018; then 1.00% of loan amount redeemed to be paid until 30-Nov-2019

Your home may be repossessed if you do not keep up repayments on your mortgage. The rates and products displayed within these tables are updated on a regular basis however due to the dynamic nature of the market some product details and rates may be out of date. We therefore do not take any responsibility for the accuracy of the information supplied within the table although we will always make our best endeavour to ensure that the information provided is as accurate as possible. You should always check rates and terms with the product provider. The telephone-based mortgage advice service is provided by TurnKey Mortgages Limited. Registered office: St Crispins House, Duke Street, Norwich NR3 1PD. TurnKey Mortgages Limited are authorised and regulated by the Financial Conduct Authority. Their FCA number is 537424.


How much can I borrow on a buy-to-let mortgage?

The amount you can borrow on a buy-to-let mortgage is usually determined by two principal factors:

Rental Income

As a new landlord, the amount you can borrow will almost certainly be linked to the rental income you expect to receive from the property once it is tenanted. It is therefore useful to investigate the realistic rental prices for the type of property in the area it is located.

Lenders often prefer the rental income to exceed the mortgage payment by around a quarter, as a proportion of this rental income is expected to go towards costs such as maintenance, insurance, and agents’ fees. (Find out more on our buy-to-let mortgage page.)

Loan-to-Value

The amount that you can borrow is also normally limited to a maximum of 75% of the property value, which is more restrictive than most other mortgage types. Landlord mortgages usually require a deposit of at least 25%. Only experienced landlords are likely to receive a concession on this.

This might affect the rent you need to charge to make the property affordable. Check out our calculator 'how much rent to charge' for more details.

 

 

As always, we recommend that you seek professional advice if you are unsure which type of mortgage is right for you and that all of the information provided above is for use as an overview only and should not be the basis for your mortgage decision.