Supporting you with Buy to Let (BTL) mortgages

From Wednesday 6^th October, we are launching our new BTL proposition for Intermediaries.

BTL policy overview

• Applications are assessed on a Rental Funded basis only
• Rental income must cover 125% (basic rate tax payers) or 145% (high rate tax payers) of the stressed mortgage repayment
• Maximum loan to values:
  • 75% for borrowing up to £1,000,000
  • 65% LTV for borrowing from £1,000,001 to £2,000,000
  • 60% LTV and maximum of £50,000 additional lending for debt consolidation purposes.
• A stressed rate of 5.5% will be used unless:
  • A product term of at least 5 years is selected (e.g. 5/10 year fixed rate); or
  • A remortgage where the debt is not increasing (like-for-like remortgage)
  • For the two above scenarios, a stressed rate of 4.99% will be used
• Applications can be completed for Purchase, Remortgage, Let to Buy, Unencumbered, Additional Borrowing, Porting or Product Switches
• For new borrowing, a procuration fee of 0.5% will be paid upon completion. For a product switch, a procuration fee of 0.2% will be paid after the switch date
• Our BTL calculator can be used to determine if your customer’s rental income is sufficient for a BTL mortgage

To find out more about our lending criteria and customer eligibility, please visit our

BTL lending criteria page.

Our BTL mortgage products

Our BTL product range is available to view on our broker website.

A helping hand

Chat with us, call our Broker Support Team on 0345 600 5847 (Monday to Friday, 9am to 5pm) or contact your local BDM.

HSBC UK

For Intermediary use only.