Salary Based Buy to Let mortgages

You are now viewing the range of salary based Buy to Let mortgage products.

To view other types of Buy to Let mortgage product please click on the relevant product classification heading in the left hand menu bar and for full information on a particular salary based Buy to Let mortgage please click on the relevant box heading below.

The majority of Buy to Let mortgage products are calculated using the "rent to interest cover" calculation, therefore the rental income as assessed by an independent surveyor, needs to be a certain percentage higher then the interest only mortgage payment.  This percentage for most Buy to Let mortgages will tend to be between 10% to 30% higher than the interest only mortgage payment in order for the Buy to Let lender to grant the mortgage.

However increasingly Buy to Let mortgage lenders are starting to lend based on income (salary) multiples, as is commonplace in the residential mortgage market.  Some lenders are actually making this Buy to Let lending model their principle Buy to Let finance decision making tool.