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Buy to let mortgages
Royal Bank of Scotland mortgages are available to over 18s. Your property may be repossessed if you do not keep up repayments on your mortgage.
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.
Steps to getting a buy to let mortgage
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1
Work out if you're eligible and if you can afford it
The amount you can borrow is based on how much rent the property can generate versus the cost of the mortgage. As an indication, we require:Your expected rental income to be at least 125% of the monthly interest payments
A minimum deposit of 25%, or 35% on a new build property
The property to be worth at least £50,000
Your borrowing to be less than £3.5 million
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2
Understand any responsibilities as a potential landlord
From contracts to deposit protection and certificates for gas and electricity, there's a host of requirements that you need adhere to when renting a property.Your responsibilities as landlord
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3
Find out what you could borrow
Without affecting your credit score, you can get an indication of how much you could borrow by getting an Agreement in Principle.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.
If you're looking to borrow more when you remortgage, you'll have to book an appointment with one of our mortgage advisors.
Choosing a buy to let mortgage
Take a look at our buy to let mortgages. We offer the option of paying off either capital and interest, or interest only. And you’ll find fixed rate and tracker mortgages with a range of different terms and interest rates.
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.
Need some help?
Arrange a callback
Complete our quick form to arrange a callback at a time that suits you, including evenings and weekends.
This will allow you to arrange a phone or branch appointment with a qualified mortgage adviser.