We have years of experience helping landlords with their Buy to Let Mortgages and we regularly review our criteria to help you meet the needs of your clients.

We offer:

  • lending up to 75% LTV
  • a maximum loan amount of £1.5 million per case
  • no charge for a mortgage valuation for mortgage purposes where the property is worth less than £1.5 million on all BTL applications – purchase and remortgage
  • lending to individual landlords with portfolios of up to ten properties (maximum of five mortgaged with Skipton)
  • gifted deposits accepted on all BTL applications
  • basic rate tax payers (Landlords) stressed at 125% at 7.6% (or 6.29% if taking a fixed product of 5 years or more)
  • 100% of rental income can be used (UK Land and Property Income as shown on SA302, 2 years SA302s will be required).

Portfolio landlords

For BTL landlords with portfolios of four or more mortgaged BTL properties, the following criteria apply:

  • minimum guaranteed earned income of £45k (and net rental income can be included in the total) or £60k for joint applications
  • stressed at 145% @ 7.6% (or 6.29% if taking a fixed product of 5 years or more)
  • any background properties will be assessed at 145% @ 6%
  • completion of our simple portfolio cash flow document [PDF].

Any of our BTL products can be used for portfolio landlords.

Guide for Portfolio Landlords [PDF]

If your client has a Skipton savings or mortgage account they can have up to 10 free EPC Plus Home Energy Reports for the Residential or Buy-to-Let properties they own.

The EPC Plus Home Energy Report offer is available to home-owning members of Skipton Building Society, for homes constructed more than 10 years ago. See our full offer Terms and Conditions [PDF].

EPC Plus is provided by Vibrant Energy Matters Limited, who are owned by Connells Group, a Skipton Building Society Group company. EPC Plus is not regulated by the Financial Conduct Authority.

Buy To Let calculator

Calculator currently unavailable

This is a temporary measure to allow the BTL stress rates used in the calculation to be updated to those shown below. It will be available again as soon as the rates have been updated.

When assessing BTL cases we will use the following calculations:

Portfolio Landlords/Higher Rate Tax Payers

A stress rate of 145% x 7.6% will apply (or 6.29% if a fixed product of 5 years or more is required).

For Portfolio BTL landlords any background properties will be assessed at 145% x 6%.

Basic/Nil rate taxpayers

A stress rate of 125% x 7.6% will apply (or 6.29% if a fixed product of 5 years or more is required).

Do not use this calculator if top-slicing is required. Please refer to our separate top-slicing criteria.

Minimum submission criteria

Our usual minimum submission requirements for a BTL application are:

  • latest full month's payslip
  • latest month's bank statement, (this may not be required for Like for Like Remortgage applications)
  • Latest P60 – required only if using other income from employment in addition to basic income
  • 2 years SA302s and latest months evidence of rental income (i.e. bank statement of invoice from letting agent) – required only if using Rental Income (Profit from UK land & property)
  • 3 months business bank statements and either an Accountant’s Certificate or latest 2 years' accounts or latest 2 years SA302 plus latest 1 year accounts – required if Self Employed
  • cash flow document [PDF] (for Portfolio Landlord applications only)

For full details of our Buy to Let lending criteria please see our A-Z Lending Criteria.

To find out more about how we can help your clients with their BTL requirements, contact your local BDM or get in touch with our team.

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