Buy to Let questions answered

How many Buy to Let properties can I have?

To qualify for our Buy to Let mortgages, you can have up to three properties in mortgage with one or more lenders.  More than that would make you a portfolio landlord and we currently don’t lend to portfolio landlords.

Do I have to own my home in order to do a Buy to Let mortgage?

We don’t offer Buy to Let mortgages to first time buyers, so you’d need to own your own mortgaged home or have had experience of paying a mortgage in the past.

I want to rent out my current home or a property that I’ve inherited, is this possible?

Yes, if you or a close relative have lived in a property that you now wish to rent out to tenants, you can do so providing your circumstances are within our lending criteria.

Is there a minimum/maximum age to apply for a Buy to Let mortgage?

Yes, you need to be at least 25 years old at the time of application and be no more than 80 years old at the end of the mortgage term.

Do I need to have a minimum income?

Yes, you’d need to earn £25,000 or more to apply for a Buy to Let mortgage. We’d also assess the expected rental income and if this was not enough to cover the mortgage and related expenses, we’d consider using any surplus income you have after all your personal living expenses and financial commitments have been taken care of.

What’s the minimum term of employment or self-employment for Buy to Let?

For self-employed you need to have three years accounts, for those who are employed we’ll consider any term.

Can I rent a house to a close family member such as a parent, brother, sister, child, grandparent, grandchild, step relative or in-law?

Yes, you can rent a house to close family members. This is known as a Family Buy to Let.

Do you lend to Limited Companies?

No, we currently don’t lend to Limited Companies, only individuals.

Do you allow Houses In Multiple Occupancy (HMO)?


No, we currently don’t offer mortgages on properties that fall under HMO rules. We’ll only lend on properties that are less than three storey and let to single family units.


Is there a specific type of tenancy agreement I need to have?

Yes, you need to have an Assured Shorthold Tenancy agreement with a term of 6 months (minimum) and 12 months (maximum).

Are there tax implications with Buy to Let properties?

Yes. We’re not tax experts and therefore if you have any questions, you should contact HMRC or someone who specialises in tax advice.

Will you lend to ex-pats?

No, only to UK residents who’ve been in the UK for three years or more.

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