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 a minimum of 85 years left on the lease at the start of the mortgage and 50 years on maturity
Maximum mortgage term is 30 years on a capital repayment basis and a 30 year term on an interest only basis
For variable products or product rates fixed for a period of less than 5 years, the annual rental income should be a minimum of 125% of the annual mortgage interest calculated using the rate of 5.5% or product rate + 2%, whichever is the highest
For product rates fixed for a period of 5 years or more, the annual rental income should be a minimum of 125% of the annual mortgage interest calculated using the product rate
For remortgages with no additional borrowing, the annual rental income should be a minimum of 125% of the annual mortgage interest calculated using the product rate
For customers who have additional existing Buy-to-Let properties, the ICR should be 145% for those in personal names and 125% for those in Ltd. company names, calculated of the subject property along with the existing portfolio, stressed at our product rate +1% or 4.5% whichever is the highest.
Tenancy agreement should be on Assured Shorthold Tenancy basis or in Scotland Private Residential Tenancy Basis, 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
No minimum income or background criteria

NOT ELIGIBLE

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