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Buy to let mortgages

Buy a property to rent out with a buy to let mortgage

Start exploring our mortgages

Find out what we could offer you

Step 1
  • Our Agreement in Principle provides a personalised indication of how much you could borrow
  • Will not impact your credit score
  • Takes less than 10 minutes

Ready to apply for your new mortgage?

Step 2
  • Apply online today, or contact us if you'd like support
  • Save progress and come back whenever you like
  • Upload, submit and sign all of your documents online

What are buy to let mortgages?

A buy to let, or buy to rent mortgage is for a landlord who wants to buy a property to rent out. 

The application is similar to a residential mortgage application but with a few differences. These differences include the amount you could borrow and how much deposit you will need.

If you would like more help, see our guide.

Choosing a buy to let mortgage

Take a look and compare our buy to let mortgage rates.

We offer fixed rate mortgages on a capital and interest repayment and an interest only basis.

Use our Mortgage Rate Finder to compare the options available to you, see the different interest rates, mortgage terms and compare monthly payments.

Eligibility and responsibilities

Find out if you're eligible

The following criteria applies for NatWest 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 with NatWest brands will be less than £3.5 million

We will not consider multiple tenancies, Homes of Multiple Occupancy (HMO), bedsits, 'Related Person' tenancies or properties that fall under a selective licensing scheme.

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

Understand your responsibilities as a landlord

There are many requirements that you need to adhere to when renting out a property. These include contracts, deposit protection and certificates for the gas and electric. 

Your responsibilities as landlord

Getting ready to apply

How it works

There's a few steps to take, depending on your circumstances.

We'll outline everything you need to do and consider when you take out a buy to let mortgage with us. 

Already have a BTL mortgage with us?

If you're ready to switch your current mortgage to a different deal, or just want to have a look at what we have on offer, you can get started by logging into Manage your Mortgage.

 

How to borrow more on your NatWest mortgage

Buy to let mortgage frequently asked questions

How do buy to let mortgages work?

Buy to let (BTL) mortgages are similar to the residential mortgages you find but there are differences when it comes to a buy to let mortgage, including: minimum deposit requirements, interest rates, minimum property value requirements and borrowing limits.

Find out more with our buy to let mortgage guide

Are buy to let mortgages interest only?

BTL mortgages are most commonly interest only mortgages, but we offer both capital and interest and interest only mortgage types for buy to let.

With an interest only mortgage, you only pay off the interest on a monthly basis throughout the term of your mortgage, however at the end of your term you are required to pay off the capital debt (the outstanding mortgage amount) in full. With a capital and interest mortgage, you pay off both the capital debt and the interest on a monthly basis.

Use our mortgage rate finder to compare rates available to you.

How much can I borrow with a buy to let mortgage?

It depends on multiple factors including the property value, amount of deposit and rental income for the property. You could borrow up to a maximum of £3.5 million (in total across NatWest brands) with our buy to let mortgages. 

Use our buy to let mortgage calculator to find out how much you could borrow and compare our rates, or for a more personalised indication, you can complete an Agreement in Principle.

How much deposit do I need for a buy to let mortgage?

You will need a deposit of at least 25% to be eligible for a buy to let mortgage or, if you’re looking to buy a new build flat or house, you’ll need a minimum deposit of 35%.

How can I remortgage my buy to let?

If your mortgage is up for renewal and you are looking to remortgage to us, you can complete a buy to let Agreement in Principle (AIP) to compare our mortgage rates and find out how much you could borrow.

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