How to apply for a Buy to Let mortgage

Found a mortgage product you think could suit your needs? You can get started by following these few steps.

Things you need to know first

  • Please refer to our Mortgage Terms of Business and our Tariff of Mortgage Charges before proceeding with your application.
  • All mortgages are subject to lending criteria, valuation and underwriter approval. You must be 18 or over to apply for a mortgage.
  • Furlough/Self employed grant - If you are furloughed we are unable to offer you a mortgage if your application relies on this furloughed income to pass our affordability check.
  • For customers in Scotland you must have a valid home report (no older than 90 days) prior to submitting your mortgage application.

Get a Decision in Principle (DIP)

Once you have an idea of what you can afford, the first step to applying for a mortgage is getting a Decision in Principle (DIP).

If you're applying for a Buy to Let mortgage, thinking of borrowing more or are reviewing an existing Skipton mortgage, you can talk to us over the phone to get a DIP.

Documents you'll need

You will need the following documents/information before you call.

Income

  • Salary
  • Bonuses
  • Overtime
  • Benefits
  • If you’re self-employed - last 2 years of accounts or Accountant's Certificate and net profit
  • For limited companies - amount of dividends and remuneration
  • If you’re a contractor please quote your annual salary as your daily rate x 5 x 48 weeks as employed income, rather than self-employed income.

Outgoings

  • Loans
  • Credit cards
  • Existing mortgage payments
  • Spending

The DIP is for illustrative purposes only and doesn't provide all the information you need to choose a mortgage. It is not specifically related to a mortgage product within our range, and we reserve the right to withdraw our products at any time without notice.

0345 607 9825

Book a mortgage appointment

If your DIP is approved, we'll arrange a mortgage appointment for you with one of our mortgage advisers, which can either be over the phone or via video link. During the appointment, your dedicated mortgage adviser will recommend a suitable mortgage from our range and prepare your full application. Please talk to us to book a mortgage appointment.

0345 607 9825

If you fail to keep up with payments on your mortgage a 'receiver of rent' may be appointed and/or your rental property may be repossessed. Most Buy to Let mortgages are not regulated by the FCA.

Need help?

If you have any questions about how to apply for a mortgage, you can speak to one of our mortgage team.

Talk to us

Speak to a member of our mortgage team

0345 607 9825
Mon-Thurs
8am - 8pm
Fri
8am - 5:30pm
Sat
9am - 12pm

*To help maintain service and quality, some telephone calls may be recorded and monitored.

Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.

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