WHAT DOES MY MONTHLY RENTAL INCOME NEED TO BE TO QUALIFY FOR A BUY-TO-LET MORTGAGE?
Our ‘borrow’ calculator will give you an idea of what you might be able to borrow (this will vary greatly from lender to lender). Enter your proposed monthly rent details, select either 5 or 5.5 on the stress rate field and use the 'Calculate' button. (Please note the calculation assumes a buffer of 125%).
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It should be stressed that this is a very generic guide. As with everything in the mortgage market, your individual circumstances will dictate whether you qualify for a buy-to-let mortgage. We strongly advise that you speak to one of our advisers about your own situation before committing to anything.