Buy-to-let policy
Maximum with Clydesdale
The maximum number of BTL properties mortgaged with Clydesdale is 3, with the total balance of all mortgages not to exceed £1,000,000. This rises to £1,500,000 if one of the properties is in London or South East England.
London & South East England defined as: Greater London (post codes starting E, EC, N, NW, SE, SW, W, WC, BR, CR, DA, EN, HA, IG, KT, RM, SM, TW, or UB), Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey, West Sussex.
Maximum portfolio
Lending to portfolio landlords is only available for a remortgage with no additional borrowing.
The maximum number of BTL properties a customer can own in total, including mortgaged BTLs, unmortgaged BTLs, and the property being mortgaged with us is 8. This includes any BTLs held in an SPV, and for a joint application includes all mortgages whether they’re held together or separately.
Minimum background rental cover
There are no minimum background rental cover requirements.