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
Mortgage rate finder
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
✔ Your total annual income needs to exceed £25,000
✔ 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
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.
Take a look at our Buy to Let mortgage rates and compare monthly repayments and deals.
✔ Easily compare mortgage rates and deals
✔ Get an indication of the monthly repayment
If you have your eye on a property, an Agreement in Principle puts you in an ideal place to begin searching for your property with confidence.
✔ A personalised indication of how much you could borrow
✔ No impact on your credit file
✔ Review ways to apply
See what customers are asking us when looking for a Buy to let mortgage with the Royal Bank.