How Much Rental Income Do I Need for a Buy-to-Let Mortgage?
Our minimum buy-to-let rent calculator will tell you how much rental income you need to generate each month to qualify for a mortgage on a buy-to-let property. This will give you an estimate of how much to charge tenants to rent your residential or commercial property.
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It should be stressed that this is a very generic guide. As with everything in the mortgage market, your individual circumstances will dictate whether you qualify for a buy-to-let mortgage. We strongly advise that you speak to one of our advisers about your own situation before committing to anything.
This is not a quotation under the Consumer Credit Act. Figures are subject to validation of income, credit checks and a property valuation.
What Do These Fields Mean?
When measuring affordability for a mortgage for buy-to-let, lenders stress test applications against mortgage rates rising to 5% and sometimes to 5.5%, even if the agreed final rate is lower, to guard against unexpected rises in costs for landlords.
Lenders also typically require a ‘buffer’ of 125% - i.e. the rental income each month must be 125% of the mortgage repayments.
Enter your proposed mortgage amount select 5 or 5.5 (some lenders are beginning to stress test at a higher level, so you may want to see both scenarios) and press calculate.
Want to Know More About BTLs?
We have also sorts of information to aid you on your journey to landlordship. Learn what it means to be a portfolio landlord, how getting a buy-to-let mortgage works, what LTD company BTL mortgages are and more.
Need Another Calculator?
See our list of mortgage calculators for more tools to help you get started.
The Buy-to-Let Minimum Rent Calculator is a great way to start – but it’s certainly not a definitive answer – and if it’s not the answer you’re looking for, our experts can review your full situation and advise on the most appropriate course of action, including products you might not previously have considered.
Buy-to-Let Mortgage Calculator
Want to know how much you could potentially borrow on your buy-to-let mortgage? Find out with our free and easy calculator below.
Rental Yield Calculator
Here you can use our free and easy calculator to work out the rental yield on your buy-to-let property. You’ll also find information on what a rental yield is and why it’s important.
Buy-to-Let Stamp Duty Calculator
Find out how much Stamp Duty you’ll pay on your new buy-to-let property with our free and easy Stamp Duty calculator for second homes.
Capital Gains Tax Calculator
On this page you’ll find our free and easy Capital Gains Tax Calculator that can help you work out how much CGT you’ll pay when selling a property that’s not your main residence.
Becoming a Landlord
You can make a lot of money from becoming a landlord – if you make smart choices. Our guide explains how it all works and contains tips to help you be successful.
You can now get a buy-to-let mortgage at interest rates to suit almost any circumstances. Our guide takes you through the choices involved in more detail.
On this page you’ll find our detailed mortgage terminology glossary. There’s a lot of jargon out there but we’re here to make it easy.