Buy to let 

How to apply for a buy to let mortgage

We aren't currently offering buy to let mortgages directly.

We regularly review the mortgages we offer. Please check back at a later date, when we hope to be able to provide you with a buy to let mortgage.

Your steps to applying for a buy to let mortgage

  1. 1

    Find out if you're eligible

    The following criteria applies for buy to let mortgage applications:

    • You're a UK resident aged between 18 and 80
    • Your expected rental income to be at least 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 total aggregated borrowing will be less than £3.5 million

    We will not consider multiple tenancies, Homes of Multiple Occupancy (HMO), bedsits, ‘Related Person’ tenancies, properties that fall under a selective licensing scheme or properties that will be used as a holiday home or holiday let

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


  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 can get an indication of whether you may be able to borrow the amount that you need with an Agreement in Principle.

    This isnt a firm decision, but it's the most accurate result you can get without a full credit check. It won't take long and 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.

How to apply for a Buy to let mortgage

You need to be confident that you have been able to choose the right mortgage for your circumstances and be happy to take responsibility for the mortgage you choose.

Apply Online with NatWest

3 Buy to let properties or fewer

If you own 3 buy to let properties or fewer (including the one that you are looking to mortgage), you can complete your mortgage application online at your own pace and in the comfort of your own home.

Online mortgages are provided by NatWest. Your first step to applying for a mortgage is to get an Agreement in Principle (AIP). You don't need to be a NatWest customer to get an AIP and you're not committing to having a mortgage by getting an AIP. Royal Bank of Scotland may receive a fee for this referral.

Apply over the phone

4 Buy to let properties or more

Already have a Royal Bank of Scotland mortgage?

If you're already a Royal Bank of Scotland mortgage customer, you won't need to resubmit paperwork, such as evidence of income, unless your circumstances have changed.

Log in to Manage Your Mortgage, see what offers are available and apply online.

All you need are your mortgage account number, name, date of birth and your postcode.