Buy To Let Portfolio Mortgage
Expertise where it counts – Buy to let portfolio mortgage solutions that we’re proud of
When it comes to getting a buy to let portfolio mortgage for your buy to lets, you want an experienced & honest buy to let mortgage broker with no surprises.
So we’ll always tell you the things you really need to know up front.
Do you have a question about a buy to let portfolio mortgage or need help building one?
If you have a question about a buy to let portfolio mortgage. Or want to know how best to build a buy to let portfolio that is not covered here, please contact us.
Why were portfolio landlord changes introduced?
The Bank of England identified the buy to let mortgage market as posing a potential risk to the financial system. They identified that if landlords came into payment difficulties they would likely sell, in turn, potentially flooding the system with properties that would affect home buyers
As a result The Bank of England gained new powers and in October 2017 the Prudential Regulation Authority introduced regulatory changes. It meant buy to let lenders had to change the way they assess buy to let applications for landlords with four or more mortgaged buy to let properties.
Landlords are now required to provide business plans, assets and liabilities stataments, and cash flow forcasts. The regulationary changes have made it much more complex to get buy to let mortgages for landlords with portfolios. This is not just affecting landlords with large portfolio’s but also smaller landlords who might have had three properties, and who are now looking to buy their fourth.
What is the lending criteria for portfolio buy to let landlords?
Buy to let lenders now carry out specialist affordability checks assessing the whole portfolio to ensure an applicant is not overexposed. Rememeber this is only applicable for portfolio landlords.
The key difference in the past was each buy to let was assessed on its own merits. Now the portfolio rules mean a lender will no longer look in isolation at a deal, but will want to know the details of the whole portfolio.
LTV limits for buy to let portfolio mortgages:
Remember the whole potfolio is stress tested including the one you might be looking to buy and lenders will have a percentage limit based on the loan to value (LTV) they may not want to exceed. Every lender is different and rules also change so make sure you get in touch with us so we can help advise you.
Over exposure restrictions for buy to let portfolio’s:
Lenders usually have limits on the number and/or overall value of the properties that they will lend to you. In other words; some lenders may not lend more than 5 properties with you, while others may have a 20 property limit. Of course the specific lending criteria does change, so always speak to one of our experienced portfolio mortgage brokers who will be able to look into what the best options are for you right now.
The important of experience for buy to let portfolio mortgages:
Lenders are looking closely to not just understand your general experiende, but the specific experience that you may have. In other words, do you specialise in specific areas, do you focus on high or low end properties, do you focus on flats or houses, what are areas are you in?
Lenders really want to dig deep into how the business operates and the experience of the landlord. Is the landlord investing in similar things or are they sudenly doing something different?
Overexposure monitoring for portfolio buy to lets!
Lenders are constantly assessing their risk exposure. How many buy to let mortgages do they have in a street, a town, a city, a region etc. An expereinced buy to let mortgage broker will be able to help you with this and see which lender is best.
Buy to let portfolio mortgage criteria is not static!
Lending rules and regulations are constantly changing, so make sure you speak to an experienced mortgage broker who has experience in the potfolio lending space.
What is a portfolio landlord?
The definition of a portfolio landlord:
A portfolio landlord is someone with four or more mortgaged buy to let properties.
Due to regulationary changes introduced by the Prudential Regulation Authority in October 2017, mortgage lenders had to change the way they assess buy to let applications for landlords with four or more mortgaged buy to let properties.
Portfolio Landlord Minimum Rent Calculator
Portfolio Landlord Mortgage Calculator
Portfolio Mortgage Landlord Guides
Celebrating our success rates. Making you jump for joy
We may be mortgage brokers, but we’re not a bunch of bankers! We are independent which means we only work for you. Our team are incentivised not on sales, but providing the best service for you.
- We assess
- You instruct us
- We research
- We find the best deal for you
Agreement In Principle
- You agree to the deal
- We submit the first stage of your application
- You get an agreement in principle
- We submit the second stage of your application
- We present your application in the best possible manner
- They assess your situation
- We support you throughout the process
- They assess your property
- You receive your mortgage offer
- Technically our job is done but we also like to help
- We liaise with solicitors and estate agents
- We keep you updated
- You achieve your goals