Buy-to-Let considerations

You can apply for a Buy-to-Let Mortgage if:

• • You are at least 25 years of age and a UK resident 
• • This is not your first mortgage
• • The property is in good condition and not divided into separate units.
• • Your sole or joint income (excluding rental income) before tax is at least £35,000.
• • You meet all of the standard criteria for a C&G mortgage. Find out more. 

How much could I borrow?

You can take out a maximum of three Buy-to-Let mortgages or borrow up to a total of £2 million with the Retail Division of Lloyds Banking Group**.

For each property you could borrow between £5,000 and £1,000,000, up to a maximum of 75% of the value of the property (65% for new-build properties). If you want to borrow more than £1,000,000, please call 0800 028 0639* or visit your local branch.

If the amount you want to borrow will give you a total mortgage borrowing of more than £500,000 with Lloyds Banking Group**, your sole or joint income (excluding rental income) before tax must be at least £50,000.

To qualify for a Buy-to-Let Mortgage, the maximum amount you can borrow is worked out in the following way:

• • The amount you can borrow is based solely on the expected rental income.
  
  • If you'd like to do this, we'll need to be satisfied that the expected rental income for the buy-to-let property will cover the ongoing mortgage payments adequately. To find out more, please call us on 0800 028 0639* or visit your local branch.   

Check out our latest buy-to-let deals. 

Next steps