We have years of experience helping landlords with their Buy to Let mortgages and we regularly review our criteria to help ensure you can 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 5.5% (or 4.5% 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 Landlord Interest Coverage Ratio (ICR) of 145% @ 5.5% (or 4.5% if taking a fixed product of 5 years or more).

Portfolio landlords

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

  • minimum guaranteed income of £45k (and net rental income can be included in the total) or £60k for joint applications
  • stressed at 145% @ 5.5% (or 4.5% if taking a fixed product of 5 years or more)
  • completion of our simple portfolio cash flow document [PDF].

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

We’ve created a Guide to Portfolio Landlords [PDF] to give you some more information about this and our other criteria.

Minimum submission criteria

Our minimum submission criteria for BTL applications is:

  • latest full month's payslip
  • latest P60 - required only if using other income from employment in addition to basic income
  • evidence of income: Accountant’s Certificate or latest 2 years' accounts or latest 2 SA302 plus latest 1 year accounts if self-employed or using rental income
  • latest month's bank statement (this isn't required on a like for like BTL remortgage from another lender)
  • cash flow document [PDF] (for portfolio applications; replaces asset and liability statement).

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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