Minimum Rent Calculator

If you are considering to apply for a loan for buy to let property our minimum rent calculator is a good start. You can use it to estimate the minimum rent required for a buy-to-let mortgage. The calculator is a generic guide and individual circumstances will dictate what mortgage options are available to you. The calculator is for illustrative purposes only and do not constitute advice.

When measuring affordability for buy-to-let mortgages, 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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

If you’re thinking about making the next step, please give us a call and our expert will be able to provide you with more detailed information.