Buy to Let Criteria
An understanding of what lenders are looking for
Before you apply for a buy-to-let mortgage, it’s important to understand what lenders expect. The criteria for a buy-to-let mortgage are slightly different from standard residential loans, and knowing the key requirements can save you time, hassle, and missed opportunities.
We help landlords, new and experienced, meet buy-to-let mortgage eligibility standards and secure the right deal for their property plans.
Core conditions for buy-to-let mortgage approval
What is the buy-to-let mortgage criteria?
Buy-to-let mortgage criteria UK refers to the conditions and requirements lenders use to assess your suitability for a buy-to-let loan.
These include things like rental income, deposit size, credit history, property type, and your experience as a landlord.
If you’ve ever asked, “Will I get a buy-to-let mortgage?” Understanding these criteria is your first step to finding out.
Buy-to-let mortgage example
Let’s say you’re buying a property worth £200,000 with an expected rental income of £1,000/month.
You want to borrow £150,000 (75% LTV).
The lender stress-tests your rent against a notional interest rate of 5.5%, requiring rental cover of 145%.
- Required rent: £150,000 x 5.5% = £8,250 annual interest
- £8,250 x 145% = £11,962.50 minimum required rent
- Monthly requirement = £997 approx.
In this case, your projected rent meets the lender’s buy-to-let mortgage criteria in the UK, and you’d likely pass affordability, assuming credit and property standards are also met.
Buy-to-let mortgage eligibility tips
To improve your chances of success:
- Ensure your expected rent meets the required coverage.
- Have your deposit ready and documented.
- Consider applying through a limited company for tax efficiency.
- Review your credit file in advance
- Be prepared to provide proof of income or experience if needed.
Still wondering, “Will I get a buy-to-let mortgage?” Talk to our team, and we’ll assess your situation honestly, with no fluff and no wasted time.
We can help with:
Want to know more about buy to let mortgages?
Talk to a buy-to-let specialist
Buy-to-let criteria can vary across lenders, but we know exactly where to place your deal based on your circumstances. Whether a first-time landlord or want to refinance, we’ll guide you to get your application lender-ready.
Discuss your buy-to-let mortgage eligibility and get moving with confidence.
