Skip to content
We use cookies to keep our websites easy to use and relevant to our users' requirements and to enable us to learn which advertisements bring users to our website. We do NOT use cookies to collect any personal information about you. By continuing to browse our web pages, you agree that we may use cookies for these purposes. Find out more.×
Clydesdale Bank | We care about here

Mortgage Intermediaries

Menu

Buy to Let Lending Criteria

We are proud to be different when assessing your client's BTL mortgage application and that means our criteria can be a bit different from other lenders so here are some of our key criteria points in brief, including details of our overall affordability assessment. For full information please see our A-Z of BTL lending criteria.

Key criteria at a glance

  • One of the applicants must have a minimum basic earned or pension income of £30,000, excluding rental income. This rises to £75,000 for applicants with 4 or more BTLs. Importantly these are minimums and the application is subject to an overall affordability assessment.
  • We can lend a maximum of £1,000,000 on up to 3 BTLs.
  • We can lend to first time buyers and for the purpose of letting-to-buy.
  • We cannot lend to anyone who either has more than 8 BTLs in their portfolio or who has a higher level of gross rental income than non-property related income.
  • We do not lend on HMO'S defined as a property rented out by at least 3 people who are not from 1 household ( e.g a family) but share facilities like the bathroom and kitchen.

Property

We do not lend on the following types of property or loan

  • Agricultural restrictions
  • Bridging loans
  • Freehold flats/maisonettes
  • Guarantor Mortgage
  • HMO's ( a property rented out by at least 3 people who are not from 1 household (e.g a family) but share facilities like the bathroom and kitchen.
  • Live/work units
  • Mobile homes/river boats

Overall affordability assessment

  • Residential & personal expenditure - We will make a full assessment of the client's residential and personal expenditure position to ensure we are comfortable with the affordability position. This will be assessed as if we were the lender on the client's residential mortgage. This means that, as a guide, the residential mortgage should be no more than 4.5 x income, dependant on individual affordability.
  • Size of BTL mortgages - We will make a full assessment of the client's exposure to BTL mortgages to ensure we are comfortable with the affordability position. As a guide, we would want the client to have no individual BTL mortgage (whether with ourselves or any other lender) of more than 4.5 x income, dependant on individual affordability.

Joint liabilities with external parties - Our affordability assessment is based solely on the income of our applicant. If the applicant has any liability joint with an external party, this liability must be affordable solely on the income of our applicant. For example, if our applicant has a residential mortgage with their partner, who is not party to our BTL mortgage application, the assessment of residential affordability will not take the partner's income in to consideration.

If you've a question about our mortgages, the search tool below can help you find the information you're looking for

View all criteria

Quick links

Our online application makes it quick and easy to apply for your customer

Apply online

Lending Policy & New Business enquiries

Call us on
0800 085 2846

Monday - Friday, 9.00am - 5.30pm

Chat with us

Click below to chat with us now Monday - Friday, 9.00am - 5.30pm

Chat now

You are here: Lending criteria > Buy to Let Lending Criteria