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Buy a place to let, not live

Buy to let
mortgages

Start exploring our mortgages

Find out what we could offer you

Step 1
  • Our Agreement in Principle provides a personalised indication of how much you could borrow
  • Will not impact your credit score
  • Takes less than 10 minutes

Ready to apply for your new mortgage?

Step 2
  • Apply online today, or contact us if you'd like support
  • Save progress and come back whenever you like
  • Upload, submit and sign all of your documents online

What is a buy to let mortgage?

Buy to let (BTL) mortgages are for landlords who want to buy property to rent it out. Applying for a buy to let mortgage is a fairly similar process to a residential mortgage application. However, there are some important differences, particularly when considering how much you can afford and the size of your deposit.

If you need more support then our guide will help.

Choosing a buy to let mortgage

Take a look at our buy to let mortgage rates.

We offer both capital and interest repayment mortgages and interest only mortgages. And you’ll find fixed rate and tracker mortgages with a range of different terms and interest rates.

Use our Mortgage Rate Finder to see the options available to you.

Eligibility and responsibilities

Find out if you're eligible

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

  • You're a UK resident aged between 18 and 70
  • Your expected rental income to be atleast 125% of your monthly interest payments
  • You have at least a 25% deposit, or 35% for any new build houses or flats
  • The property is worth at least £50,000
  • You're borrowing at least £25,000 over a minimum of 3 years
  • Your borrowing will be less £3.5 million

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

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

Understand your responsibilities as a landlord

There's lots of requirements that you need adhere to when renting out a property. These include contracts, deposit protection and certificates for the gas and electric. 

Your responsibilities as landlord

Getting ready to apply

How it works

There's a few steps to take, depending on your circumstances.

We'll outline everything you need to do and consider when you take out a buy to let mortgage with us. 

Already have a BTL mortgage with us?

If you're ready to switch your current mortgage to a different deal, or just want to have a look at what we have on offer, you can get started by logging into manage your mortgage.

 

How to borrow more on your Royal Bank mortgage

Need some help or want to speak to a mortgage professional?

Call us

Something else we can help you with?