Buy to Let Mortgages for Amateur Landlords (Limited Companies)

Our Amateur landlord Buy to Let mortgages for Limited companies with 3 or less properties, allow you, as the applicant, to take out or renew a mortgage in the name of a company, rather than through your own name

Browse the information below and then arrange an appointment to speak with us in person. Each application is considered on merit and we’ll be happy to help in any way that we can.

Looking to remortgage?

Do you already have a buy to let property? We can help you remortgage if you wish to refinance your property.

Next steps

At The Cumberland, we’re committed to working closely with you to ensure you get the right mortgage to suit your individual circumstances. Ready to take the next step? Contact the Cumberland today to start the journey.

Help and Support

External factors continue to be a cause for concern for many business owners. If you are an existing Cumberland customer and worried about your mortgage please get in touch or visit our financial difficulties page.

Lending Criteria

Properties can be freehold or leasehold with minimum 85 years unexpired lease at the start of the mortgage term and minimum 50 years unexpired lease at the end of the mortgage term
Required to be a homeowner or living with a partner who is a homeowner, in employer supplied accommodation or own other investment properties
Annual income of above £25,000 (or £50,000 with 100% rental coverage where top slicing is required)
Maximum mortgage term 30 years
For products less than 5 years, annual rental income should be minimum 125% of annual mortgage interest at stressed rate of 5.5%, or product rate +2% if higher
For products fixed for a period of 5 years or more, annual rental income should be minimum 125% of annual mortgage interest calculated using the product rate
For remortgages with no additional borrowing, annual rental income should be minimum 125% of annual mortgage interest calculated using the product rate
Where a capital & interest mortgage is required, evidence DCR at 110% coverage with a further check that ICR is met at 125%. Both DCR and ICR must be met.
Tenancy agreement should be on Assured Shorthold Tenancy basis or Private Residential Tenancy Basis in Scotland, with maximum term of 6 months, with any existing tenancy agreement having commenced after 1 March 1997
Your property must have an Energy Performance Certificate rating of E or higher or a suitable exemption for properties in England and Wales

NOT ELIGIBLE

Flats/apartments in a block exceeding more than 6 storeys
Limited Companies incorporated outside the UK