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.
Our maximum age for Buy To Let mortgages is 80.
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 applicants can hold a maximum of:
One main residence and three non-main residences with TSB. The non-main residences can include; Buy-to-Let, second home, existing consent to lease.
£2 million of non-residential mortgages with TSB.
This includes all properties that are held by an individual, group of applicants, limited company or any other legal entity.
A maximum of 4 unrelated occupiers / tenants in England and Wales, 3 in Scotland per AST (Assured Shorthold Tenancy).
In England and Wales, an AST under the Housing Act 1988 is required.
In Scotland, a PRT (Private Residential Tenancy) is required.
We don't accept First Time Buyers for Buy-to-Let mortgages.
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.
Please follow this link for our self financing calculation for Buy to Let mortgages