How Many Buy-To-Let Mortgages Can I Have?

How Many Buy-To-Let Mortgages Can I Have?

The Lending Channel
Date Published:14/06/2021

Buy-to-let properties can be fruitful investments for any experienced landlord

But is there a limit to the number you can have in your portfolio? What is the optimal number of properties to rent out? And is it worth the more complex processes to get there? 

Read The Lending Channel's short guide to find the answers to these buy-to-let mortgage questions and discover what kinds of checks might be required when you apply for multiple buy-to-let loans.

renting property with buy-to-let mortgages

Is there a limit to the number of buy-to-let mortgages I can have?

The short answer is no.

Some landlords choose to have huge property portfolios and so many mortgages. But there are a number of other factors to consider, all depending on your financial situation and the lender you choose.

Most lenders set limits on the number of buy-to-let mortgages you can take out with them. Buy-to-let investments are seen as higher risk than regular residential mortgages. You will need relevant experience (it’s rare you’d be accepted as a first-time buyer) and demonstrable reliability in order to take even one out.

It follows, then, that if you’re hoping to borrow a number of these riskier mortgages, there will be more hoops for you to jump through. You must clearly demonstrate that you can afford the repayments on your mortgages.

How many mortgages can I take out with one lender?

This will vary from lender to lender.

Generally speaking, a mainstream mortgage lender will set limits of around 3 to 5 buy-to-let mortgages per person. Or, they may set limits based on the amount of money you need to borrow (for example, £5m). 

It is always best to seek the advice of a reliable mortgage broker like our team here at The Lending Channel before you make any big decisions. By seeking our expert advice, you ensure the best mortgage deals on the market.

Can I take out a buy-to-let mortgage with more than one lender?

It depends. 

Some lenders set restrictions on how many other mortgages you can have with others. This helps them manage and contain your debt, making it easier to evaluate whether or not you are successfully affording your mortgage payments.

The number of buy-to-let mortgages you can take out from one lender can vary from 4 to 10, although some won’t mind you taking out as many as you like.

What kinds of checks will they make?

If you’re a portfolio landlord (i.e. you have four or more buy-to-let mortgages), lenders might look closely at a few things:

  • Evaluation of your whole portfolio and your total borrowing
  • How you manage your existing properties
  • Cash flow forecast (most importantly rental income)
  • Credit report checks.

If you don’t have a portfolio yet, your lender might ask about:

  • Your current properties
  • Projected rental incomes
  • Your credit score.

The Lending Channel can help

As you can see, if you’re looking to build a portfolio of buy-to-let investments, you’ll have to navigate tricky waters. It’s wise to seek the guidance of a trustworthy and well-established mortgage advisor.

Authorised and regulated by the Financial Conduct Authority, The Lending Channel team are highly knowledgable in buy-to-let mortgages and can guide you through the process of establishing your portfolio. Not only will we find you the best loans with the best interest rates on the market, but we also offer a friendly hand to help you through the process from beginning to end.

Contact our team today for expert advice on buy-to-let mortgages. 

Category Tags Mortgage Guides
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