Portfolio landlords buy to let mortgages
Got a client with big ambitions? If they’re an experienced landlord with a portfolio of at least six residential properties – or looking for a mortgage of £3 million or more – we can help make it happen.
Key highlights
Loans from £500,000 to £20 million
Loan to value up to 75%
Fixed rates
Loan terms from 5 to 25 years
Capital and interest, part and part and interest only.
Got a straightforward case?
Fast-Track Buy to Let could be the quick, hassle-free way to get your client’s deal done – with an offer in just 5 working days.
Portfolio Landlords Buy to Let mortgage rates
Portfolio Landlords Buy to Let mortgage criteria
Lending criteria
Type of borrower
Individuals.
Partnerships.
Eligibility
Borrowers must be UK residents.
The partnership must be registered in England and Wales.
They do not need to have a business account with us.
Capital raising purposes
Purchasing another property.
BTL operational purposes.
Property improvements (not including structural or development).
Affordability
Gross rental Income Cover Ratio (ICR) of 140% at the product stress rate - based on the lower of passing rent or market rent.
Maximum loan per block or property
£10 million.
Maximum committed term
Up to £2 million: 25 years.
Over £2 million: 10 years.
Asset criteria
Type of property
Must meet Decent Home Standards and be:
houses
flats
bungalows
multi unit freehold blocks (MUFBs).
If the property has an Houses in Multiple Occupation licence, our HMO mortgage will be a better fit.
Size
Gross Internal Area (GIA): at least 31 sqm.
Gross External Area (GEA): at least 35 sqm.
Minimum value per property or unit
£135,000.
EPC rating
A to C (or D/E with plan to get to C).
Tenure
Freehold or leasehold with at least 85 years remaining at the end of the term.
Tenancies
Let on Assured Shorthold Tenancy (AST) or equivalent.
Not occupied by applicant or their immediate family.
Legal charge
A first legal charge is required.
Valuation
To be completed by a YBS panel valuer and lending based on the lower of:
purchase price
open market vacant possession.
investment valuation.
Download our Guide to buy to let fees and charges (PDF, 182KB)
Want to get in touch?
Email us
It’s the quickest way to get in touch. We’ll get back to you in 24 hours, Monday to Friday.
Speak to your BDM
Your dedicated BDM is here to help. Call or email them for tailored support.