Buy-to-let finance is a mortgage specifically sold to people who buy property as an investment, instead of a place to to live. If you are planning to rent out a new property, many lenders will prefer you not to finance your purchase with a standard residential mortgage.

Lenders will typically need the rental income to be at least 125% of the monthly mortgage payments (on an interest only basis), or even up to 145%, depending on a lender’s criteria. Most lenders will also require you to be earning an income yourself. Try the Buy to Let calculator to see how much you could borrow.

Buy-to-let mortgages are designed to help you buy a property that you intend to rent out to other people, rather than to live in. The amount you can borrow usually depends on the rental income you expect to earn from tenants, although we might consider other income in some circumstances.

You may be able to get a buy-to-let mortgage with no income although you might find that the range of lenders or deals are limited. If you don’t have a job, property ownership alone is not enough to fit with most lenders.

The very short answer is, that there is no limit. We have some clients with extremely large property portfolios, who have literally hundreds of buy to let mortgages

Buyers who have enough income can carry two mortgage payments at once if they still meet the debt-to-income ratios required by their lenders. So you might be able to qualify for two mortgages at once, if your credit score and job status are also strong.

Can I Rent Out My House Without Telling My Mortgage Lender? Yes, you can. But you’ll probably be violating the terms of your loan agreement, which could lead to penalties and immediate repayment of the entire loan. So before you decide to rent out your property, you must inform the lender first.