If you want to borrow money to buy a house to rent out, you'll need a Buy to Let mortgage. Our Buy to Let mortgages rates can be fixed or variable rate, and your property will need to meet Skipton’s Buy to Let mortgage lending criteria. Let’s take a look.
Our Buy to Let criteria
Here’s what you need to know:
- the property will need to achieve a minimum rental income in relation to the mortgage payment.
- the maximum loan we offer is £1m.
- there’s no charge for a standard mortgage valuation for mortgage purposes where the property is worth less than £1.5m. This applies to buying a new house or remortgaging.
- our Buy to Let mortgages enable you to build a portfolio of up to ten properties (maximum of five mortgaged with Skipton), with a total borrowing of £3,000,000 with us.
New to Buy to Let?
Whether it's your first time applying for a Buy to Let mortgage or whether you already own properties to let, our experienced team is here to help you navigate our Buy to Let rates, ranges and criteria.