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Mortgages for a property to rent out, rather than live in.
Buy to Let mortgages
Online mortgages are provided by NatWest which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Royal Bank of Scotland may receive a fee based on a percentage of any mortgage entered into for this referral. NatWest and Royal Bank of Scotland mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Online mortgages are provided by NatWest
NatWest and Royal Bank of Scotland are part of NatWest Group andoffer the same mortgage products and rates when you speak with a mortgage professional. Online mortgages areavailable to customers via the NatWest website.
Step 1: Find out what NatWest could offer you
- Get a online personalised indication of how much you could borrow inless than 10minutes.
- It won't impact yourcredit score.
You don't need to be a NatWest customer to get an Agreement in Principle (AIP), and you're not committed to having a mortgage by getting an AIP.
Step 2: Apply for your mortgage online with NatWest
- Apply online with NatWest(less than 4 properties) orcontact usif you require support from a mortgage professional.
- Save your application progress online and come back whenever you like.
What is a buy to let mortgage?
Buy to let (BTL) mortgages are for landlords who want to buy property to rent it out. Applying for a buy to let mortgage is a fairly similar process to a residential mortgage application. However, there are some important differences, particularly when considering how much you can afford and the size of your deposit.
If you need more support then our guide will help.
What is a small portfolio landlord?
The number of Buy to Let or consent to let properties that you hold with a mortgage(excluding any residential mortgages)should be less than four. This includes the property you are purchasing or remortgaging.
Four or more Buy to Let or consent to let properties? You won't be able to apply directly with NatWest however you canreview the whole of market using price comparison sites or by contacting a mortgage broker. So, if we’re unable to support your Buy To Let mortgage needs, you have other options available to you.
What is buy to let mortgage eligibility criteria?
The following criteria applies for NatWest buy to let mortgage applications:
- You're a UK resident aged 18 or over.
- You have/will have less than four Buy to Let or consent to let properties with a mortgage. This includes the property that you are purchasing or remortgaging and excludes any residential mortgages.
- Your expected rental income to be at least 125% of your monthly interest payments.
- You have at least 25% of the purchase price of the property as a deposit.
- It's a UK property worth at least £50,000 and has the minimum EPC rating required depending on where it is located.See further details.
- You're borrowing at least £25,000 over a minimum of 3 years and a maximum of 35 years.
- Your total aggregated borrowing with NatWest group brands will be less than £3.5 million.
We will not consider multiple tenancies, Homes of Multiple Occupancy (HMO), bedsits, ‘Related Person’ tenancies, properties that fall under a selective licensing scheme or properties that will be used as a holiday home or holiday let.
You cannot apply for a buy to let mortgage with NatWest if you do not meet the above criteria.
Getting ready to apply
How it works
There's a few steps to take, depending on your circ*mstances.
Find out everything you need to do and consider when you take out a buy to let mortgage.
Already got a Royal Bank Buy to Let mortgage?
If you already have a Royal Bank Buy to Let mortgage and 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 intoManage your Mortgage.
Get help with your online mortgage application
