Cookies on the Royal Bank of Scotland website

Privacy Notice:

We use cookies and similar technologies on our websites and mobile applications to help provide you with the best possible online experience. By using our sites and apps, you agree that we may store and access cookies and similar technologies on your device.

You can find out more and set your own preferences here.

Setting Cookie
Buy to let

How to apply for
a buy to let mortgage

Your property may be repossessed if you do not keep up repayments on your mortgage.

On this page
Steps to applying
Before you apply
Ready to apply?

Your steps to applying for a buy to let mortgage

  1. 1

    Find out if you're eligible

    The following criteria applies for Royal Bank buy to let mortgage applications:

    You need to be a UK resident aged between 18 and 70

    You need at least a 25% deposit, or 35% for any new build houses or flats

    You must be borrowing at least £25,000 over a minimum of 3 years

    Your maximum borrowing amount cannot exceed £3.5 million

    The property you wish to purchase, or remortgage to us, must be habitable and worth at least £50,000

    You cannot apply for a buy to let mortgage with us if you do not meet the above criteria.

    Please note, we cannot offer mortgage where the household will have or has multiple occupants, or multiple tenancies.
     

  2. 2

    If you're remortgaging a buy to let property, check how much is left to pay on your mortgage

    Look at the latest mortgage statement you received from your current mortgage provider to see how much is left to pay.

    Your current provider might ask for an Early Repayment Charge. Check your paperwork to see whether they apply. If you haven't yet thought about how you will pay off your current mortgage early, read our mortgage repayment guide.

     

  3. 3

    Compare our mortgage rates

    Enter a few details into our mortgage rate calculator and we’ll show you all the Royal Bank mortgages that could be right for you, based on what you've told us.

    Thinking of borrowing more? No problem, it's easy to vary the amounts in the calculator.

     

  4. 4

    Get an indicative decision

    You’ll need to get an Agreement in Principle to see if we think we may be able to lend you the amount you require.

    This isn't a firm decision, but it’s the most accurate result we can give you without performing a full credit check. It won't take long and it won’t affect your credit score.

Before you apply

What you need to have

It will help if you have the following documents handy

Three months' worth of payslips and bank statements to work out your income, plus any loan or credit card statements to help work out your monthly expenses.

Eligibility info

Eligibility info

We don’t currently offer buy to let mortgages for multi-party (three or more applicants), guarantor, Help to Buy, Right to Buy, or shared equity mortgages.

Credit checks

What is the difference between a soft and a full credit check?

When you apply for an Agreement in Principle, we'll need to do a “soft credit check”. But don’t worry, this won’t affect your credit score. If you go on to apply for a remortgage, we'll do a full credit check, which will show up on your credit file.

Get started on your application

Applying for a buy to let mortgage should be quick and easy. The first step is to apply for an Agreement in Principle. You can do that online and, if you prefer, you can do it over the phone with our mortgage team.

If you already have a Royal Bank mortgage, you can log in to Manage Your Mortgage to see what offers are available, and to apply online. Also, you won’t have to resubmit any paperwork, unless your details have changed.

Start applying for your buy to let mortgage

Already a customer? Login to see how much you could borrow

Applying online

Start your application