How many buy to let mortgages can you have with one lender?

The amount of buy to let mortgages you may be able to take with one buy to let mortgage lender will depend heavily on the buy to let mortgage lender.

Different buy to let mortgage lenders will have their own requirements in the amount of buy to let mortgages they could give to you. You should inquire with a buy to let mortgage broker or the buy to let lender to see how many buy to let mortgages you can have with them.

Exposure limits

Some buy to let mortgage lenders will limit the amount of buy to let mortgages you can have with them to 3, 5 or a maximum total borrowing of £1m.

Exposure limits with other lenders

Some buy to let mortgage lenders will also have a cap on how many mortgages you can have with other buy to let mortgage lenders.

With all the new regulation buy to let mortgage lenders will now have to look closely at if you can afford another buy to let mortgage if you already have three mortgages.

How many buy to let mortgages can you have?

Most landlords may wonder how many but to let mortgages they could have? There isn’t any set limit as many landlords have hundreds of mortgages but most buy to let mortgage lenders may have a cap on the maximum amount you may be able to borrow from them.

This limit can be £5m £10m or even more depending on the buy to let mortgage lender.

Some buy to let mortgage lenders will also limit the amount of buy to let mortgages you can take out with them but this doesn’t mean you can’t take out more buy to let mortgage with other mortgage lenders.

The limit a buy to let mortgage lender may place on the amount of buy to let mortgages they may give you could be 3, 5 or even more.

How many buy to let mortgages can portfolio Landlords have?

If you are a Portfolio Landlord you have four or more buy to let mortgages) then buy to let mortgage lenders are required to assses any further buy to let mortgage applications you may make as well as your current buy to let portfolio.

Buy to let mortgage lenders prefer the leverage to be between 65% and 75% loan to value of your entire portfolio.

Most buy to let mortgage lenders will also expect the rental income from the portfolio to cover all the mortgage interest and still have a surplus

DIfferent buy to let mortgage lenders have different expectations and ways of calculating this.

Your buy to let mortgage broker should advise you on which way is the most suitable way based on the buy to let mortgage lender you are speaking to.

If you are a portfolio landlord then some buy to let mortgage lenders will request a cashflow forecast and/or a business plan.

How many buy to let mortgages can I have as a non-portfolio Landlord?

A non-portfolio landlord means you have less than 4 buy to let properties which are currently mortgaged.

The buy to let mortgage lender will want to know about any buy to let properties you own which are fully owned by you and unmortgaged.

They may asses these properties but they will not form the basis of their decision to lend to you.

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.