Borrow more

Buy to Let

Looking to make improvements to your property? Or perhaps raise funds to purchase another Buy to Let? Whatever your investment plans are, we’re here to help. As an existing customer, you can apply to borrow extra cash with one of our further lending deals. Additional fees may apply.

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Speak to us

If you’re thinking of applying to borrow more, you’ll need to speak to us so we can assess your current financial situation.

As part of the application process, we’ll ask you to confirm:

  • Your current rental income;
  • The estimated value of your property;
  • Details of your income and current financial commitments (including outstanding amounts and monthly payments).

To save time and make things as simple as possible for you, it’s worth having these details to hand before speaking to us. You can even schedule a call back while you’re getting the information together.

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A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR THE PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Affordability

It’s important that any Buy to Let loan is affordable for you, so that it makes financial sense and doesn’t put you at unnecessary risk.

To help make sure this is the case, we work out the affordability of a Buy To Let loan mainly based on the expected monthly income from letting the property to a tenant. In certain scenarios we may also be able to take into account your personal income, subject to our lending criteria.

The actual income generated (which must be received in £GBP) may be different, and can be affected by changes in the rental market over time. It’s worth noting that if this happens, you’ll still be responsible for meeting the costs of your loan and any additional costs from letting the property.

FAQs

A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR THE PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE