FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY
Find answers to popular questions or contact us.
Applicants must have a minimum income per application of £25k per annum. For joint applications this can be a combined income (e.g. applicant 1: £15k, applicant 2: £10k).
The minimum age is 25 and applies to both applicants where a joint application has been made. We do not accept First Time Buyers for Buy-to-Let mortgages.
Maximum loan size for any one property is £500k.
TSB will lend to landlords with a maximum of three mortgaged Buy-to-Let properties, either with TSB or other lenders. This includes all properties that are held by an individual, a group of customers, limited company or any other legal entity.
An individual or group of customers can hold a maximum of:
includes all properties that are held by an individual, group of customers, limited company or any other legal entity.
The rental income must cover the higher amount of 145% of the mortgage interest at the initial product pay rate, or 145% of the mortgage interest at a rate of 5.5%.
No, letting to family members is not permitted under a Buy-to-Let mortgage - these purchases must be processed as a second home loan.
A maximum of five tenants/occupiers are allowed, provided that:
Houses of multiple occupancy (HMO) are not accepted
Yes, as long as the applicants are not First Time Buyers they can apply for a Buy-to-Let mortgage.
No, applicants must have resided in the UK for at least the last 12 months to apply for a Buy-to-Let mortgage.