Person considering the costs of a buy to let property.
Buy to let Mortgages
Buying or Changing deal?
Find out your monthly costs and ways to apply
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Your property may be repossessed if you do not keep up repayments on your mortgage
Royal Bank mortgages are available for over 18s
Am I eligible for a Buy to let mortgage ?
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
✔ You must currently own no more than nine Buy to let properties, and 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 and no more than £500,000
You cannot apply for a Buy to let mortgage with us if you do not meet the above criteria.
Please note, we cannot offer a mortgage where the household will have or has multiple occupants, or multiple tenancies.
Compare monthly repayments with different mortgage deals and interest rates.
It's a great place to understand the potential costs of a Buy to let mortgage or review your current deal against an RBS mortgage.
You can apply by speaking to one of our advisers over the phone or in a branch.
See what customers are asking us when looking for a Buy to let mortgage with the Royal Bank.