Buy to Let Mortgages for Portfolio Landlords

As a Portfolio Landlord with 4 or more properties, you’ll know what you need from a Buy to Let mortgage provider.

You’ll require award-winning service from a team with over 20 years’ experience in the Buy to Let lending. An application process where each case is reviewed on merit. A partnership with a dedicated relationship manager who is on hand to support you.

You’ll get all of this and more with The Cumberland - because kinder banking isn’t just words – it’s what we do.

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 your 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 at maturity
No minimum background income criteria
Background portfolio cannot exceed 20 properties
Maximum 8 individual Society Buy to Let loans per borrower
Standard maximum term of 10 years – exceptions can be considered beyond this term
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
HMOs can be considered for good quality properties
Your property must have an Energy Performance Certificate rating of E or higher or a suitable exemption

Portfolio Landlords (individuals or partnerships)

For variable products or product rates fixed for a period of less than 5 years, the annual rental income should be a minimum of 145% 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 145% 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 145% 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.

Portfolio Landlords (Limited Companies)

For variable products or product rates fixed for a period of less than 5 years, the annual rental income should be a minimum of 145% 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.

Not eligible

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