1 How much can I borrow?
Typically, a lender will allow you to borrow up to 85% of the value of the property. Often, to achieve better rates of interest, the lender will forward as little as 70 or 75%.


2 Maximum and minimum size of the loan
The maximum size of the loan will be between £500,000 and £1m. The minimum size of the loan typically is £25,000.


3 Will the Lender give me the money?
Your rental income should cover the mortgage and then 30% on top.

So, if your potential rental income is £667 per month, then the lender would give you a loan whereby your monthly payments were a maximum of £513.

If you paid your lender £513 per month, your maximum loan (assuming a 85% loan to value ratio) would be £103,462.

4 Do I need a minimum salary?
A minimum annual income or net profit of £20,000 for the main applicant from their normal employment is typically required.

5 Can I have more than one Buy to Let mortgage?
Yes - you can take out multiple mortgages with different lenders - but in most cases it is only possible to have one loan per property.