We pride ourselves in being a bit different from some other lenders in the criteria we use to assess mortgage applications.
Our Buy To Let Mortgages are just one example of where we are adopting a client-focused as opposed to a one-size-fits-all approach.
Our Key BTL criteria at a glance:
One of the applicants must have a minimum basic earned income of £30,000, excluding rental. This rises to £75,000 for applicants with 4 or more BTLs. Importantly, these are the minimum amounts and the application is subject to an overall affordability assessment.
Rental income must be 125% at the mortgage pay-rate
We assess affordability based on the applicant's residential and personal expenditure position and the size of the BTL mortgage. As a guide, this means that neither the applicant's residential mortgage nor their BTL mortgage should be more than 4.5x their income, dependent on individual affordability
We can lend up to £1,000,000 across 3 BTLs
We can lend to first time buyers and for the purpose of letting to buy
We currently have rates as low as 2.59% and fee offer options as low as 2.79%.
Interested to find out more? Call us today to find out how much your client could borrow or visit our website for full details on our BTL products and criteria
If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 30 St Vincent Place, Glasgow G1 2HL.