Can I get a buy-to-let mortgage on a four, five, six or seven bedroom property?

by Aaron Strutt

Apr 06 2017

It is possible to secure buy-to-let mortgages on larger properties with lots of bedrooms.

Kent Reliance is one of the more generous lenders and it allows six lettable rooms for standard buy-to-let properties on a single assured shorthold tenancy (AST). 

There are a couple of buy-to-let lenders that do not limit the number of bedrooms. For example, Virgin Money does have a limit but it only allows four people on a single tenancy agreement.

Aaron Strutt, product manager at Trinity Financial, says: “If you apply for a buy-to-let mortgage the lenders will want to know the property is not going to be a “back door residential” and it is going to be let out. They are particularly hot on this at the moment and brokers are under pressure to limit these applications.

“The lenders will also want the property to be occupied as a single-family dwelling and there needs to be a decent demand for that kind of property in the area. If the property is an ex-care home or ex-B&B it may be harder to get through.”

Accord Mortgages limit buy-to-let properties up to four bedrooms and Santander has a cap of five bedrooms. Aldermore Bank will consider a six bedroom buy-to-let property on its standard lending criteria.

If the property is going to be let out to different tenants then a host of lenders offer HMO mortgages.

For help to secure a large buy-to-let property mortgage, call Trinity on 020 7016 0790