How to apply for a buy to let mortgage
Your property may be repossessed if you do not keep up repayments on your mortgage.
Your steps to applying for a buy to let mortgage
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1
Find out if you're eligible
The following criteria applies for NatWest 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
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 mortgage where the household will have or has multiple occupants, or multiple tenancies.
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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.
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3
Compare our mortgage rates
Enter a few details into our mortgage calculator and we’ll show you all the NatWest 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.
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4
Get an indicative decision
You’ll need to get an Agreement in Principle to see if we think we may be able to lend you the amount you require.
This isn't a firm decision, but it’s the most accurate result we can give you without performing a full credit check. It won't take long and it won’t affect your credit score.
Before you apply
What you need to have OpenClose
Eligibility info OpenClose
Credit checks OpenClose
What is the difference between a soft and a full credit check?
Get started on your application
Applying for a buy to let mortgage should be quick and easy. The first step is to apply for an Agreement in Principle. You can do that online and, if you prefer, you can do it over the phone with our mortgage team.
If you already have a NatWest mortgage, you can log in to Manage Your Mortgage to see what offers are available, and to apply online. Also, you won’t have to resubmit any paperwork, unless your details have changed.
Start applying for your buy to let mortgage
Apply in branch or by phone
You can meet one of our qualified mortgage advisers at a branch, or have a phone appointment. These appointments usually take around two hours.
You can arrange a free callback to do this. Our friendly mortgage team can guide you through the whole mortgage process and arrange an appointment at a time to suit you.
Alternatively, call 0800 096 9527.
If you have a hearing or speech impairment, please call us on our Minicom number: 0800 027 1396.
Applying online
If you're ready to start a mortgage application, you'll need an Agreement in Principle to be able to proceed.
If you're successful, you'll choose your buy to let deal and continue with your full application from there. This should take around half an hour in total.
And, if you work for the armed forces, we’ll still need to speak to you in branch or on the phone.
If you can't apply online
Please give us a call to book an appointment with a mortgage adviser on 0800 096 9527 or arrange a free callback.
Opening hours: Mon-Fri 8am-8pm, Sat-Sun 9am-4pm. Excluding public holidays. Calls may be recorded. Minicom 0800 027 1396