What salary do you need for a buy to let mortgage?

Buy to Let lenders want to know that first-time landlords and small landlords do not rely on their rental income for normal expenditure. They require that applicants have enough money to pay their household bills, as well as mortgage payments, even if there are some months when the property is not let.

Many buy to let lenders need applicants to have a minimum annual income in the region of £25,000, others have a fixed requirement for a lower amount.

Two or three have no minimum income but ask you to confirm that you can cover your normal bills. It might even be enough to have a partner who covers all of your bills.

The benefit of having an income of at least £25,000 is that it opens up a wider range of lenders. This additional choice means you might be able to secure a mortgage with a better rate.