The maximum amount you can borrow with a buy to let mortgage is calculated differently to a normal residential mortgage (ie. where you occupy the property yourself). Although factors such as the type of property you are looking at, your credit history and the amount of deposit you have available are taken into account, your personal income usually isn't. Instead a lender will use the expected monthly rental income to determine the maximum loan available.
However, it should be noted that some lenders now require first time landlords or those with a small portfolio of properties to have a separate, non-related income of at least £25,000 per year as well as the rental income. For more information and advice specific to your circumstances you should contact us and we'll explain everything for you.
To use the calculator you can either move the sliders to increase or decrease the property value and rental charges or you can enter the figures directly into the corresponding fields & then press 'Calculate'. Your results will appear below the calculator.
We have estimated that the maximum amount you could borrow with a buy to let mortgage, based upon a property value of and being able to achieve a monthly rent of is
This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. Any information provided by the calculators on this website does not constitute a formal mortgage offer.
To get your personalised illustrations, you just need to enter some basic information into our simple online enquiry form and your dedicated mortgage adviser will search the entire mortgage market to find you the best deals available.
Or, if you prefer, you can call a fully trained adviser on 0800 169 4984. It will only take a few minutes of your time today but could save you thousands of pounds in interest payments, and will eliminate any worries you may have about getting the best deal possible.