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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.

How we can help:

  • We conduct an overall affordability assessment and have no minimum income or rental cover requirement
  • We can lend to first time buyers and for let to buy
  • At 75% LTV, we can lend up to £1m. This increases to £1.5m in London and South East England
  • At 80% LTV, we can lend up to £500k on Interest Only or up to £750k on Full C&I
  • We can lend to portfolio landlords if they are requesting a remortgage with no additional borrowing
  • The maximum number of properties that can be mortgaged with Clydesdale & Yorkshire Banks is 3, with a combined debt of £1m (£1.5m in London & South East England)

Key criteria at a glance:

  • We cannot lend to anyone who has more than 8 BTLs in their portfolio
  • We do not lend on HMOs - properties 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
  • Residential & personal expenditure - We will make a full assessment of the client's personal and BTL expenditure position to ensure we are comfortable with the affordability position
  • 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 into consideration

View all criteria

Quick links

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

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To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.

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To discuss applications already submitted, please call 0800 917 8363.*

*Monday - Friday, 9.00am - 5.00pm, except Wednesdays, 9.30am - 5.00pm

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