ONLY FOR USE BY MORTGAGE INTERMEDIARIES
NatWest Intermediary Solutions
Buy-to-let guide
Buy-to-let affordability assessment
In response to changes to Mortgage Interest Relief for buy-to-let landlords, we have introduced an income affordability assessment
in addition to the rental cover calculation. We will request details of the applicant’s personal income, financial commitments, other
committed expenditure (as with a residential application) in addition to their current and expected rental income.
To assess a buy-to-let applicant’s affordability, we first look to see if the rent they expect from the property meets our rental
cover calculation of 5.5% x 145%, subject to a maximum loan to income of 4.99 times income and a maximum LTV of 75%
and the income affordability assessment. If an applicant meets these criteria we can proceed with the application.
If the rent expected from the property does not meet the 5.5% x 145% rental cover calculation, we can take into account any
free personal income the applicant may have to make up the shortfall, as long as the expected rent meets a minimum rental
cover calculation of 5.5% x 125%.
Here’s a ready reckoner showing you the minimum monthly rent that is required to cover specific loan amounts for a
buy-to-let mortgage on a rental cover calculation of 5.5% x 145% and the required minimum joint income for applicants.
It incorporates the 4.99 times income maximum.
Rental cover calculation – 5.5% x 145% and a 4.99 LTI maximum
Loan
amount (£)
25,000.00
26,000.00
27,000.00
28,000.00
29,000.00
30,000.00
31,000.00
32,000.00
33,000.00
34,000.00
35,000.00
36,000.00
37,000.00
38,000.00
39,000.00
40,000.00
41,000.00
42,000.00
43,000.00
44,000.00
45,000.00
46,000.00
47,000.00
48,000.00
49,000.00
50,000.00
51,000.00
52,000.00
53,000.00
54,000.00
55,000.00
56,000.00
57,000.00
58,000.00
59,000.00
60,000.00
61,000.00
62,000.00
63,000.00
64,000.00
65,000.00
66,000.00
67,000.00
68,000.00
69,000.00
70,000.00
Minimum
annual rent
required (£)
1,993.75
2,073.50
2,153.25
2,233.00
2,312.75
2,392.50
2,472.25
2,552.00
2,631.75
2,711.50
2,791.25
2,871.00
2,950.75
3,030.50
3,110.25
3,190.00
3,269.75
3,349.50
3,429.25
3,509.00
3,588.75
3,668.50
3,748.25
3,828.00
3,907.75
3,987.50
4,067.25
4,147.00
4,226.75
4,306.50
4,386.25
4,466.00
4,545.75
4,625.50
4,705.25
4,785.00
4,864.75
4,944.50
5,024.25
5,104.00
5,183.75
5,263.50
5,343.25
5,423.00
5,502.75
5,582.50
Minimum
monthly rent
required (£)
166.15
172.79
179.44
186.08
192.73
199.38
206.02
212.67
219.31
225.96
232.60
239.25
245.90
252.54
259.19
265.83
272.48
279.13
285.77
292.42
299.06
305.71
312.35
319.00
325.65
332.29
338.94
345.58
352.23
358.88
365.52
372.17
378.81
385.46
392.10
398.75
405.40
412.04
418.69
425.33
431.98
438.63
445.27
451.92
458.56
465.21
Minimum
joint income (£)
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
Loan
amount (£)
71,000.00
72,000.00
73,000.00
74,000.00
75,000.00
76,000.00
77,000.00
78,000.00
79,000.00
80,000.00
81,000.00
82,000.00
83,000.00
84,000.00
85,000.00
86,000.00
87,000.00
88,000.00
89,000.00
90,000.00
91,000.00
92,000.00
93,000.00
94,000.00
95,000.00
96,000.00
97,000.00
98,000.00
99,000.00
100,000.00
101,000.00
102,000.00
103,000.00
104,000.00
105,000.00
106,000.00
107,000.00
108,000.00
109,000.00
110,000.00
111,000.00
112,000.00
113,000.00
114,000.00
115,000.00
116,000.00
Minimum
annual rent
required (£)
5,662.25
5,742.00
5,821.75
5,901.50
5,981.25
6,061.00
6,140.75
6,220.50
6,300.25
6,380.00
6,459.75
6,539.50
6,619.25
6,699.00
6,778.75
6,858.50
6,938.25
7,018.00
7,097.75
7,177.50
7,257.25
7,337.00
7,416.75
7,496.50
7,576.25
7,656.00
7,735.75
7,815.50
7,895.25
7,975.00
8,054.75
8,134.50
8,214.25
8,294.00
8,373.75
8,453.50
8,533.25
8,613.00
8,692.75
8,772.50
8,852.25
8,932.00
9,011.75
9,091.50
9,171.25
9,251.00
Minimum
monthly rent
required (£)
471.85
478.50
485.15
491.79
498.44
505.08
511.73
518.38
525.02
531.67
538.31
544.96
551.60
558.25
564.90
571.54
578.19
584.83
591.48
598.13
604.77
611.42
618.06
624.71
631.35
638.00
644.65
651.29
657.94
664.58
671.23
677.88
684.52
691.17
697.81
704.46
711.10
717.75
724.40
731.04
737.69
744.33
750.98
757.63
764.27
770.92
Minimum
joint income (£)
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
Loan
amount (£)
Minimum
annual rent
required (£)
117,000.00
118,000.00
119,000.00
120,000.00
121,000.00
122,000.00
123,000.00
124,000.00
125,000.00
126,000.00
127,000.00
128,000.00
129,000.00
130,000.00
131,000.00
132,000.00
133,000.00
134,000.00
135,000.00
136,000.00
137,000.00
138,000.00
139,000.00
140,000.00
141,000.00
142,000.00
143,000.00
144,000.00
145,000.00
146,000.00
147,000.00
148,000.00
149,000.00
150,000.00
151,000.00
152,000.00
153,000.00
154,000.00
155,000.00
156,000.00
157,000.00
158,000.00
159,000.00
160,000.00
161,000.00
162,000.00
163,000.00
164,000.00
165,000.00
166,000.00
167,000.00
168,000.00
169,000.00
170,000.00
171,000.00
172,000.00
173,000.00
174,000.00
175,000.00
176,000.00
177,000.00
178,000.00
179,000.00
180,000.00
9,330.75
9,410.50
9,490.25
9,570.00
9,649.75
9,729.50
9,809.25
9,889.00
9,968.75
10,048.50
10,128.25
10,208.00
10,287.75
10,367.50
10,447.25
10,527.00
10,606.75
10,686.50
10,766.25
10,846.00
10,925.75
11,005.50
11,085.25
11,165.00
11,244.75
11,324.50
11,404.25
11,484.00
11,563.75
11,643.50
11,723.25
11,803.00
11,882.75
11,962.50
12,042.25
12,122.00
12,201.75
12,281.50
12,361.25
12,441.00
12,520.75
12,600.50
12,680.25
12,760.00
12,839.75
12,919.50
12,999.25
13,079.00
13,158.75
13,238.50
13,318.25
13,398.00
13,477.75
13,557.50
13,637.25
13,717.00
13,796.75
13,876.50
13,956.25
14,036.00
14,115.75
14,195.50
14,275.25
14,355.00
Minimum
monthly rent
required (£)
777.56
784.21
790.85
797.50
804.15
810.79
817.44
824.08
830.73
837.38
844.02
850.67
857.31
863.96
870.60
877.25
883.90
890.54
897.19
903.83
910.48
917.13
923.77
930.42
937.06
943.71
950.35
957.00
963.65
970.29
976.94
983.58
990.23
996.88
1,003.52
1,010.17
1,016.81
1,023.46
1,030.10
1,036.75
1,043.40
1,050.04
1,056.69
1,063.33
1,069.98
1,076.63
1,083.27
1,089.92
1,096.56
1,103.21
1,109.85
1,116.50
1,123.15
1,129.79
1,136.44
1,143.08
1,149.73
1,156.38
1,163.02
1,169.67
1,176.31
1,182.96
1,189.60
1,196.25
Minimum
joint income (£)
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,050.10
25,250.50
25,450.90
25,651.30
25,851.70
26,052.10
26,252.51
26,452.91
26,653.31
26,853.71
27,054.11
27,254.51
27,454.91
27,655.31
27,855.71
28,056.11
28,256.51
28,456.91
28,657.31
28,857.72
29,058.12
29,258.52
29,458.92
29,659.32
29,859.72
30,060.12
30,260.52
30,460.92
30,661.32
30,861.72
31,062.12
31,262.53
31,462.93
31,663.33
31,863.73
32,064.13
32,264.53
32,464.93
32,665.33
32,865.73
33,066.13
33,266.53
33,466.93
33,667.33
33,867.74
34,068.14
34,268.54
34,468.94
34,669.34
34,869.74
35,070.14
35,270.54
35,470.94
35,671.34
35,871.74
36,072.14
Loan
amount (£)
Minimum
annual rent
required (£)
181,000.00
182,000.00
183,000.00
184,000.00
185,000.00
186,000.00
187,000.00
188,000.00
189,000.00
190,000.00
191,000.00
192,000.00
193,000.00
194,000.00
195,000.00
196,000.00
197,000.00
198,000.00
199,000.00
200,000.00
201,000.00
202,000.00
203,000.00
204,000.00
205,000.00
206,000.00
207,000.00
208,000.00
209,000.00
210,000.00
211,000.00
212,000.00
213,000.00
214,000.00
215,000.00
216,000.00
217,000.00
218,000.00
219,000.00
220,000.00
221,000.00
222,000.00
223,000.00
224,000.00
225,000.00
226,000.00
227,000.00
228,000.00
229,000.00
230,000.00
231,000.00
232,000.00
233,000.00
234,000.00
235,000.00
236,000.00
237,000.00
238,000.00
239,000.00
240,000.00
241,000.00
242,000.00
243,000.00
244,000.00
14,434.75
14,514.50
14,594.25
14,674.00
14,753.75
14,833.50
14,913.25
14,993.00
15,072.75
15,152.50
15,232.25
15,312.00
15,391.75
15,471.50
15,551.25
15,631.00
15,710.75
15,790.50
15,870.25
15,950.00
16,029.75
16,109.50
16,189.25
16,269.00
16,348.75
16,428.50
16,508.25
16,588.00
16,667.75
16,747.50
16,827.25
16,907.00
16,986.75
17,066.50
17,146.25
17,226.00
17,305.75
17,385.50
17,465.25
17,545.00
17,624.75
17,704.50
17,784.25
17,864.00
17,943.75
18,023.50
18,103.25
18,183.00
18,262.75
18,342.50
18,422.25
18,502.00
18,581.75
18,661.50
18,741.25
18,821.00
18,900.75
18,980.50
19,060.25
19,140.00
19,219.75
19,299.50
19,379.25
19,459.00
Minimum
monthly rent
required (£)
1,202.90
1,209.54
1,216.19
1,222.83
1,229.48
1,236.13
1,242.77
1,249.42
1,256.06
1,262.71
1,269.35
1,276.00
1,282.65
1,289.29
1,295.94
1,302.58
1,309.23
1,315.88
1,322.52
1,329.17
1,335.81
1,342.46
1,349.10
1,355.75
1,362.40
1,369.04
1,375.69
1,382.33
1,388.98
1,395.63
1,402.27
1,408.92
1,415.56
1,422.21
1,428.85
1,435.50
1,442.15
1,448.79
1,455.44
1,462.08
1,468.73
1,475.38
1,482.02
1,488.67
1,495.31
1,501.96
1,508.60
1,515.25
1,521.90
1,528.54
1,535.19
1,541.83
1,548.48
1,555.13
1,561.77
1,568.42
1,575.06
1,581.71
1,588.35
1,595.00
1,601.65
1,608.29
1,614.94
1,621.58
Minimum
joint income (£)
36,272.55
36,472.95
36,673.35
36,873.75
37,074.15
37,274.55
37,474.95
37,675.35
37,875.75
38,076.15
38,276.55
38,476.95
38,677.35
38,877.76
39,078.16
39,278.56
39,478.96
39,679.36
39,879.76
40,080.16
40,280.56
40,480.96
40,681.36
40,881.76
41,082.16
41,282.57
41,482.97
41,683.37
41,883.77
42,084.17
42,284.57
42,484.97
42,685.37
42,885.77
43,086.17
43,286.57
43,486.97
43,687.37
43,887.78
44,088.18
44,288.58
44,488.98
44,689.38
44,889.78
45,090.18
45,290.58
45,490.98
45,691.38
45,891.78
46,092.18
46,292.59
46,492.99
46,693.39
46,893.79
47,094.19
47,294.59
47,494.99
47,695.39
47,895.79
48,096.19
48,296.59
48,496.99
48,697.39
48,897.80
Loan
amount (£)
Minimum
annual rent
required (£)
245,000.00
246,000.00
247,000.00
248,000.00
249,000.00
250,000.00
251,000.00
252,000.00
253,000.00
254,000.00
255,000.00
256,000.00
257,000.00
258,000.00
259,000.00
260,000.00
261,000.00
262,000.00
263,000.00
264,000.00
265,000.00
266,000.00
267,000.00
268,000.00
269,000.00
270,000.00
271,000.00
272,000.00
273,000.00
274,000.00
275,000.00
276,000.00
277,000.00
278,000.00
279,000.00
280,000.00
281,000.00
282,000.00
283,000.00
284,000.00
285,000.00
286,000.00
287,000.00
288,000.00
289,000.00
290,000.00
291,000.00
292,000.00
293,000.00
294,000.00
295,000.00
296,000.00
297,000.00
298,000.00
299,000.00
300,000.00
301,000.00
302,000.00
303,000.00
304,000.00
305,000.00
306,000.00
307,000.00
308,000.00
19,538.75
19,618.50
19,698.25
19,778.00
19,857.75
19,937.50
20,017.25
20,097.00
20,176.75
20,256.50
20,336.25
20,416.00
20,495.75
20,575.50
20,655.25
20,735.00
20,814.75
20,894.50
20,974.25
21,054.00
21,133.75
21,213.50
21,293.25
21,373.00
21,452.75
21,532.50
21,612.25
21,692.00
21,771.75
21,851.50
21,931.25
22,011.00
22,090.75
22,170.50
22,250.25
22,330.00
22,409.75
22,489.50
22,569.25
22,649.00
22,728.75
22,808.50
22,888.25
22,968.00
23,047.75
23,127.50
23,207.25
23,287.00
23,366.75
23,446.50
23,526.25
23,606.00
23,685.75
23,765.50
23,845.25
23,925.00
24,004.75
24,084.50
24,164.25
24,244.00
24,323.75
24,403.50
24,483.25
24,563.00
Minimum
monthly rent
required (£)
1,628.23
1,634.88
1,641.52
1,648.17
1,654.81
1,661.46
1,668.10
1,674.75
1,681.40
1,688.04
1,694.69
1,701.33
1,707.98
1,714.63
1,721.27
1,727.92
1,734.56
1,741.21
1,747.85
1,754.50
1,761.15
1,767.79
1,774.44
1,781.08
1,787.73
1,794.38
1,801.02
1,807.67
1,814.31
1,820.96
1,827.60
1,834.25
1,840.90
1,847.54
1,854.19
1,860.83
1,867.48
1,874.13
1,880.77
1,887.42
1,894.06
1,900.71
1,907.35
1,914.00
1,920.65
1,927.29
1,933.94
1,940.58
1,947.23
1,953.88
1,960.52
1,967.17
1,973.81
1,980.46
1,987.10
1,993.75
2,000.40
2,007.04
2,013.69
2,020.33
2,026.98
2,033.63
2,040.27
2,046.92
Minimum
joint income (£)
49,098.20
49,298.60
49,499.00
49,699.40
49,899.80
50,100.20
50,300.60
50,501.00
50,701.40
50,901.80
51,102.20
51,302.61
51,503.01
51,703.41
51,903.81
52,104.21
52,304.61
52,505.01
52,705.41
52,905.81
53,106.21
53,306.61
53,507.01
53,707.41
53,907.82
54,108.22
54,308.62
54,509.02
54,709.42
54,909.82
55,110.22
55,310.62
55,511.02
55,711.42
55,911.82
56,112.22
56,312.63
56,513.03
56,713.43
56,913.83
57,114.23
57,314.63
57,515.03
57,715.43
57,915.83
58,116.23
58,316.63
58,517.03
58,717.43
58,917.84
59,118.24
59,318.64
59,519.04
59,719.44
59,919.84
60,120.24
60,320.64
60,521.04
60,721.44
60,921.84
61,122.24
61,322.65
61,523.05
61,723.45
Loan
amount (£)
Minimum
annual rent
required (£)
309,000.00
310,000.00
311,000.00
312,000.00
313,000.00
314,000.00
315,000.00
316,000.00
317,000.00
318,000.00
319,000.00
320,000.00
321,000.00
322,000.00
323,000.00
324,000.00
325,000.00
326,000.00
327,000.00
328,000.00
329,000.00
330,000.00
331,000.00
332,000.00
333,000.00
334,000.00
335,000.00
336,000.00
337,000.00
338,000.00
339,000.00
340,000.00
341,000.00
342,000.00
343,000.00
344,000.00
345,000.00
346,000.00
347,000.00
348,000.00
349,000.00
350,000.00
351,000.00
352,000.00
353,000.00
354,000.00
355,000.00
356,000.00
357,000.00
358,000.00
359,000.00
360,000.00
361,000.00
362,000.00
363,000.00
364,000.00
365,000.00
366,000.00
367,000.00
368,000.00
369,000.00
370,000.00
371,000.00
372,000.00
24,642.75
24,722.50
24,802.25
24,882.00
24,961.75
25,041.50
25,121.25
25,201.00
25,280.75
25,360.50
25,440.25
25,520.00
25,599.75
25,679.50
25,759.25
25,839.00
25,918.75
25,998.50
26,078.25
26,158.00
26,237.75
26,317.50
26,397.25
26,477.00
26,556.75
26,636.50
26,716.25
26,796.00
26,875.75
26,955.50
27,035.25
27,115.00
27,194.75
27,274.50
27,354.25
27,434.00
27,513.75
27,593.50
27,673.25
27,753.00
27,832.75
27,912.50
27,992.25
28,072.00
28,151.75
28,231.50
28,311.25
28,391.00
28,470.75
28,550.50
28,630.25
28,710.00
28,789.75
28,869.50
28,949.25
29,029.00
29,108.75
29,188.50
29,268.25
29,348.00
29,427.75
29,507.50
29,587.25
29,667.00
Minimum
monthly rent
required (£)
2,053.56
2,060.21
2,066.85
2,073.50
2,080.15
2,086.79
2,093.44
2,100.08
2,106.73
2,113.38
2,120.02
2,126.67
2,133.31
2,139.96
2,146.60
2,153.25
2,159.90
2,166.54
2,173.19
2,179.83
2,186.48
2,193.13
2,199.77
2,206.42
2,213.06
2,219.71
2,226.35
2,233.00
2,239.65
2,246.29
2,252.94
2,259.58
2,266.23
2,272.88
2,279.52
2,286.17
2,292.81
2,299.46
2,306.10
2,312.75
2,319.40
2,326.04
2,332.69
2,339.33
2,345.98
2,352.63
2,359.27
2,365.92
2,372.56
2,379.21
2,385.85
2,392.50
2,399.15
2,405.79
2,412.44
2,419.08
2,425.73
2,432.38
2,439.02
2,445.67
2,452.31
2,458.96
2,465.60
2,472.25
Minimum
joint income (£)
61,923.85
62,124.25
62,324.65
62,525.05
62,725.45
62,925.85
63,126.25
63,326.65
63,527.05
63,727.45
63,927.86
64,128.26
64,328.66
64,529.06
64,729.46
64,929.86
65,130.26
65,330.66
65,531.06
65,731.46
65,931.86
66,132.26
66,332.67
66,533.07
66,733.47
66,933.87
67,134.27
67,334.67
67,535.07
67,735.47
67,935.87
68,136.27
68,336.67
68,537.07
68,737.47
68,937.88
69,138.28
69,338.68
69,539.08
69,739.48
69,939.88
70,140.28
70,340.68
70,541.08
70,741.48
70,941.88
71,142.28
71,342.69
71,543.09
71,743.49
71,943.89
72,144.29
72,344.69
72,545.09
72,745.49
72,945.89
73,146.29
73,346.69
73,547.09
73,747.49
73,947.90
74,148.30
74,348.70
74,549.10
Loan
amount (£)
Minimum
annual rent
required (£)
373,000.00
374,000.00
375,000.00
376,000.00
377,000.00
378,000.00
379,000.00
380,000.00
381,000.00
382,000.00
383,000.00
384,000.00
385,000.00
386,000.00
387,000.00
388,000.00
389,000.00
390,000.00
391,000.00
392,000.00
393,000.00
394,000.00
395,000.00
396,000.00
397,000.00
398,000.00
399,000.00
400,000.00
401,000.00
402,000.00
403,000.00
404,000.00
405,000.00
406,000.00
407,000.00
408,000.00
409,000.00
410,000.00
411,000.00
412,000.00
413,000.00
414,000.00
415,000.00
416,000.00
417,000.00
418,000.00
419,000.00
420,000.00
421,000.00
422,000.00
423,000.00
424,000.00
425,000.00
426,000.00
427,000.00
428,000.00
429,000.00
430,000.00
431,000.00
432,000.00
433,000.00
434,000.00
435,000.00
436,000.00
29,746.75
29,826.50
29,906.25
29,986.00
30,065.75
30,145.50
30,225.25
30,305.00
30,384.75
30,464.50
30,544.25
30,624.00
30,703.75
30,783.50
30,863.25
30,943.00
31,022.75
31,102.50
31,182.25
31,262.00
31,341.75
31,421.50
31,501.25
31,581.00
31,660.75
31,740.50
31,820.25
31,900.00
31,979.75
32,059.50
32,139.25
32,219.00
32,298.75
32,378.50
32,458.25
32,538.00
32,617.75
32,697.50
32,777.25
32,857.00
32,936.75
33,016.50
33,096.25
33,176.00
33,255.75
33,335.50
33,415.25
33,495.00
33,574.75
33,654.50
33,734.25
33,814.00
33,893.75
33,973.50
34,053.25
34,133.00
34,212.75
34,292.50
34,372.25
34,452.00
34,531.75
34,611.50
34,691.25
34,771.00
Minimum
monthly rent
required (£)
2,478.90
2,485.54
2,492.19
2,498.83
2,505.48
2,512.13
2,518.77
2,525.42
2,532.06
2,538.71
2,545.35
2,552.00
2,558.65
2,565.29
2,571.94
2,578.58
2,585.23
2,591.88
2,598.52
2,605.17
2,611.81
2,618.46
2,625.10
2,631.75
2,638.40
2,645.04
2,651.69
2,658.33
2,664.98
2,671.63
2,678.27
2,684.92
2,691.56
2,698.21
2,704.85
2,711.50
2,718.15
2,724.79
2,731.44
2,738.08
2,744.73
2,751.38
2,758.02
2,764.67
2,771.31
2,777.96
2,784.60
2,791.25
2,797.90
2,804.54
2,811.19
2,817.83
2,824.48
2,831.13
2,837.77
2,844.42
2,851.06
2,857.71
2,864.35
2,871.00
2,877.65
2,884.29
2,890.94
2,897.58
Minimum
joint income (£)
74,749.50
74,949.90
75,150.30
75,350.70
75,551.10
75,751.50
75,951.90
76,152.30
76,352.71
76,553.11
76,753.51
76,953.91
77,154.31
77,354.71
77,555.11
77,755.51
77,955.91
78,156.31
78,356.71
78,557.11
78,757.52
78,957.92
79,158.32
79,358.72
79,559.12
79,759.52
79,959.92
80,160.32
80,360.72
80,561.12
80,761.52
80,961.92
81,162.32
81,362.73
81,563.13
81,763.53
81,963.93
82,164.33
82,364.73
82,565.13
82,765.53
82,965.93
83,166.33
83,366.73
83,567.13
83,767.54
83,967.94
84,168.34
84,368.74
84,569.14
84,769.54
84,969.94
85,170.34
85,370.74
85,571.14
85,771.54
85,971.94
86,172.34
86,372.75
86,573.15
86,773.55
86,973.95
87,174.35
87,374.75
Loan
amount (£)
Minimum
annual rent
required (£)
437,000.00
438,000.00
439,000.00
440,000.00
441,000.00
442,000.00
443,000.00
444,000.00
445,000.00
446,000.00
447,000.00
448,000.00
449,000.00
450,000.00
451,000.00
452,000.00
453,000.00
454,000.00
455,000.00
456,000.00
457,000.00
458,000.00
459,000.00
460,000.00
461,000.00
462,000.00
463,000.00
464,000.00
465,000.00
466,000.00
467,000.00
468,000.00
469,000.00
470,000.00
471,000.00
472,000.00
473,000.00
474,000.00
475,000.00
476,000.00
477,000.00
478,000.00
479,000.00
480,000.00
481,000.00
482,000.00
483,000.00
484,000.00
485,000.00
486,000.00
487,000.00
488,000.00
489,000.00
490,000.00
491,000.00
492,000.00
493,000.00
494,000.00
495,000.00
496,000.00
497,000.00
498,000.00
499,000.00
500,000.00
34,850.75
34,930.50
35,010.25
35,090.00
35,169.75
35,249.50
35,329.25
35,409.00
35,488.75
35,568.50
35,648.25
35,728.00
35,807.75
35,887.50
35,967.25
36,047.00
36,126.75
36,206.50
36,286.25
36,366.00
36,445.75
36,525.50
36,605.25
36,685.00
36,764.75
36,844.50
36,924.25
37,004.00
37,083.75
37,163.50
37,243.25
37,323.00
37,402.75
37,482.50
37,562.25
37,642.00
37,721.75
37,801.50
37,881.25
37,961.00
38,040.75
38,120.50
38,200.25
38,280.00
38,359.75
38,439.50
38,519.25
38,599.00
38,678.75
38,758.50
38,838.25
38,918.00
38,997.75
39,077.50
39,157.25
39,237.00
39,316.75
39,396.50
39,476.25
39,556.00
39,635.75
39,715.50
39,795.25
39,875.00
Minimum
monthly rent
required (£)
2,904.23
2,910.88
2,917.52
2,924.17
2,930.81
2,937.46
2,944.10
2,950.75
2,957.40
2,964.04
2,970.69
2,977.33
2,983.98
2,990.63
2,997.27
3,003.92
3,010.56
3,017.21
3,023.85
3,030.50
3,037.15
3,043.79
3,050.44
3,057.08
3,063.73
3,070.38
3,077.02
3,083.67
3,090.31
3,096.96
3,103.60
3,110.25
3,116.90
3,123.54
3,130.19
3,136.83
3,143.48
3,150.13
3,156.77
3,163.42
3,170.06
3,176.71
3,183.35
3,190.00
3,196.65
3,203.29
3,209.94
3,216.58
3,223.23
3,229.88
3,236.52
3,243.17
3,249.81
3,256.46
3,263.10
3,269.75
3,276.40
3,283.04
3,289.69
3,296.33
3,302.98
3,309.63
3,316.27
3,322.92
Minimum
joint income (£)
87,575.15
87,775.55
87,975.95
88,176.35
88,376.75
88,577.15
88,777.56
88,977.96
89,178.36
89,378.76
89,579.16
89,779.56
89,979.96
90,180.36
90,380.76
90,581.16
90,781.56
90,981.96
91,182.36
91,382.77
91,583.17
91,783.57
91,983.97
92,184.37
92,384.77
92,585.17
92,785.57
92,985.97
93,186.37
93,386.77
93,587.17
93,787.58
93,987.98
94,188.38
94,388.78
94,589.18
94,789.58
94,989.98
95,190.38
95,390.78
95,591.18
95,791.58
95,991.98
96,192.38
96,392.79
96,593.19
96,793.59
96,993.99
97,194.39
97,394.79
97,595.19
97,795.59
97,995.99
98,196.39
98,396.79
98,597.19
98,797.60
98,998.00
99,198.40
99,398.80
99,599.20
99,799.60
100,000.00
100,200.40
Our lending criteria
Here’s a summary of some of the key elements of our lending criteria for
buy-to-let and let-to-buy:
Buy-to-Let
Rental cover calculation: 145% x 5.5%
We request details of the applicant’s
personal income, financial commitments,
other committed expenditure, in addition to
their current and expected rental income
If there is a rent shortfall, we can take
into account any free personal income
the applicant may have as long as the
expected rent meets a minimum rental
cover calculation of 5.5% x 125%
Minimum annual income: £25,000 from
single applicant
Maximum number of buy-to-let mortgages
permitted for single applicant:
4 (including new application) with any
lender, up to a maximum of £2m lending
on all buy-to-let properties
Loan to income maximum: 4.99 times income
Minimum loan: £25,000
Minimum property value: £50,000
Maximum LTV: 75% or 65% for New
Build properties
£0 product fee mortgages available
First-time buyers (subject to rental
coverage and affordability – proof
of income will be required) and nonresidential mortgage holders accepted
Interest-only available on all buy-to-let
purchases and remortgages
Repayment vehicle of sale of
property accepted
Our definition of consumer buy-to-let differs
to that of many other lenders. Consumer
buy-to-let will not apply to purchase
transactions, customers with existing buy-tolet properties or any properties with current
or future family occupancy
We will continue to apply a consent-to-let
for existing NatWest mortgage customers
looking to let out a property on a
residential mortgage
We cannot accept applications from
business partnerships or limited companies
Let-to-Buy - where both properties
with NatWest
Combined LTV for both properties must be
90% or less
Applicant should provide an indication
of likely rental income to be received on
the existing property, such as a letter
from a local letting/estate agent that is
ARLA-registered
If rental income from the let property
covers 100% of the mortgage payments,
we can consider ring-fencing it and it
can generally be disregarded from the
affordability calculation
Any difference between the expected rental
income and the existing mortgage payment
will be factored into the affordability
calculation for the new property
If the combined LTV for both properties is
over 90%, it’s treated as a 2nd residential
property. Applicant must be able to
pay both mortgages without taking into
account the rental income
If raising capital for an onward purchase
and either of the mortgages is with
another lender, the LTV of the mortgage
with NatWest cannot be higher than the
one with the other lender
For more information go to
intermediary.natwest.com
This is subject to an underwriter’s discretion.
NWIS6 March 2016