Buy to let mortgages are generally stress tested and the stress levels vary from lender to lender, various factors influence the amount you could borrow.
Please utilise our calculator below, to get an indication of how much you can borrow with both a lender who will stress highly and with a lender who will have a relaxed policy.
Please do not rely upon these figures too highly, speak to us and we can guide you to ensure you can make the right informed decision.
Please also remember that in general, you can only borrow a maximum of 80% LTV, in some rare cases 85% of the purchase price or value of the property on a BTL mortgage.
LTV means loan to value, this is the percentage of the loan against the purchase price.
This means you will need a minimum deposit or equity in the property as security.
There are many lenders and so many variations, hence why we are unable to give more information here, expert and accurate advice is required from one of our specialists.
Feel Free to call us or submit an enquiry to us and we will be happy to help.
Call us today and speak to one of our expert mortgage brokers on 01923 927361.