Portfolio Landlord Mortgages: Lenders, Criteria and How the Underwriting Changes at Four Properties

By Jake Stott, Knox Mortgages. Reviewed by an adviser authorised under Fort Advice Bureau, FCA FRN 972730. Published 25 September 2026. Last reviewed 25 September 2026.

A portfolio landlord mortgage is a buy-to-let mortgage arranged for a landlord who owns four or more mortgaged rental properties. Under the Prudential Regulation Authority’s rules, lenders must underwrite these borrowers differently: the whole portfolio is stress-tested, not just the property being financed, and the application comes with a portfolio schedule, a business plan and a cash flow forecast. Fewer lenders take the work on, and those that do cap the aggregate loan-to-value of the portfolio, usually at 65% to 75%.

This guide sets out what the lender criteria pages and comparison sites leave out: which lenders accept portfolio landlords and on what published limits, how the whole-portfolio interest cover calculation works with the arithmetic shown, whether a single portfolio loan beats individual mortgages, how to refinance several properties in one go, and why portfolio cases get declined. If you have fewer than four mortgaged properties, start with our buy-to-let mortgage guide.

What is a portfolio landlord?

A portfolio landlord is a borrower with four or more distinct mortgaged buy-to-let properties, counted in aggregate across everything they own personally, jointly or through a limited company. The definition comes from the PRA’s Supervisory Statement SS13/16, which took effect on 30 September 2017, and every regulated lender applies it. Unencumbered properties do not count. Properties held in a company where you are a director, shareholder or person with significant control do count, and so do properties owned by a joint applicant.

The number matters because it changes the underwriting. Three mortgaged properties and you are assessed on the new property alone. Four, or three plus the one you are buying, and the lender must assess the sustainability of the whole portfolio: aggregate loan-to-value, aggregate rental cover, your experience, your assets and liabilities, and your plans for the next 12 months. Some lenders set a second tier at 11 or more properties, or at total borrowing above a set figure, where the paperwork steps up again.

What is a portfolio mortgage and is it the same thing?

No. A portfolio mortgage is one loan secured across several properties, with a single rate, a single blended loan-to-value and a single monthly payment. A portfolio landlord mortgage is any buy-to-let mortgage taken by a landlord who meets the four-property definition, and it is usually a normal single-property loan underwritten with the extra portfolio checks. Most portfolio landlords hold a mix of individual mortgages from several lenders rather than one blanket loan.

Both routes are covered on this page. The single-loan product is offered by a short list of lenders, among them Aldermore, which will combine 2 to 30 properties on one account, and commercial lenders such as YBS Commercial and Shawbrook, which write portfolio facilities from £500,000 up to £20 million or more. The individual-mortgage route is open at 20 or more lenders. Which is better depends on how often you buy and sell, how leveraged you are, and whether you want the flexibility to move one property without disturbing the rest. The comparison table further down sets out the trade-offs.

How does underwriting change once you have four mortgaged properties?

At four mortgaged properties the lender stops looking at one property and starts looking at your business. The PRA requires a specialist underwriting approach covering seven things: the borrower’s experience, the full portfolio schedule, the assets and liabilities of the borrower including tax, the merits of the new lending in the context of the portfolio, a business plan, a cash flow forecast, and an assessment of the portfolio’s aggregate rental cover and loan-to-value under stress. In practice you supply the documents in the table below and the lender runs the numbers across every property.

Document	What it must show	Who asks for it
Portfolio schedule	Every mortgaged and unencumbered property: address, value, lender, balance, rate, monthly payment, rent, tenancy type, ownership (personal or company)	Every lender, usually on their own spreadsheet
Business plan	Strategy for the next 12 to 24 months: purchases, sales, refinances, refurbishments, how voids and rate rises are covered	Every lender; Fleet folds it into a questionnaire
Cash flow forecast	12 months of rent in against mortgage, insurance, management, maintenance, tax out, per property or for the whole portfolio	Most lenders; Aldermore and TMW at 11 or more properties
Statement of assets and liabilities	Net worth, including non-property assets, personal borrowing and tax owed	Rely, Aldermore (11+), Paragon, most specialist lenders
Rental bank statements	Usually 1 to 3 months showing the rent arriving	NatWest (1 month per property), TMW (3 months at 11+)
Tax computations	SA302s and tax year overviews, or company accounts for an SPV	Where the ICR relies on your tax band or on top-slicing
Landlord experience evidence	Typically 12 to 24 months of letting; Paragon wants 2 years, NatWest wants 2 years	Most lenders

Get the schedule right before anything else. A schedule that disagrees with the credit file by one property, or that lists rents the bank statements do not support, is the most common reason a portfolio case stalls at underwriting.

How is a portfolio landlord’s affordability assessed?

Affordability is assessed in two layers: the property you are financing must pass the lender’s interest cover ratio on its own, and the whole portfolio must pass an aggregate interest cover ratio and an aggregate loan-to-value cap at a stress rate. The stress rate for the background portfolio is usually 5% to 5.5%, the aggregate ICR is usually 125% to 145%, and the aggregate LTV cap is usually 75%, with a few lenders going to 85%.

Interest cover ratio (ICR) means gross rent divided by the interest on the loan at the stress rate. A 145% ICR at 5.5% means the annual rent must be at least 1.45 times the annual interest that the loan would cost at 5.5%. Basic-rate taxpayers and limited companies are typically tested at 125%, higher and additional-rate taxpayers at 140% to 160%, because Section 24 removed full mortgage interest relief for individuals and the lender has to allow for the tax. Several lenders, including Aldermore and Castle Trust, allow top-slicing, where surplus personal income makes up a rental shortfall on the subject property. Top-slicing rarely rescues a portfolio that fails the aggregate test, because the aggregate test is about the business, not the person.

Worked example: a whole-portfolio ICR calculation

Take a landlord with six mortgaged properties who wants to buy a seventh. The lender applies a 145% aggregate ICR at a 5.5% stress rate and a 75% aggregate LTV cap. The arithmetic runs like this.

Property	Value	Mortgage balance	Monthly rent
1. Terrace, Salford	£180,000	£125,000	£1,050
2. Semi, Stockport	£260,000	£180,000	£1,350
3. Flat, Manchester city centre	£210,000	£150,000	£1,200
4. Terrace, Oldham	£150,000	£105,000	£900
5. Semi, Bolton	£300,000	£210,000	£1,500
6. Terrace, Wigan	£400,000	£250,000	£2,400
Existing portfolio	£1,500,000	£1,020,000	£8,400

Step 1, aggregate LTV. £1,020,000 divided by £1,500,000 = 68%. Under the 75% cap.

Step 2, annual rent. £8,400 × 12 = £100,800.

Step 3, stressed interest. £1,020,000 × 5.5% = £56,100 a year.

Step 4, aggregate ICR. £100,800 divided by £56,100 = 179.7%. Comfortably above 145%.

Step 5, add the purchase. The seventh property costs £250,000, the landlord borrows £187,500 at 75% LTV, and it rents at £1,200 a month. New totals: value £1,750,000, debt £1,207,500, rent £9,600 a month or £115,200 a year. Aggregate LTV becomes £1,207,500 divided by £1,750,000 = 69%. Stressed interest becomes £1,207,500 × 5.5% = £66,413. Aggregate ICR becomes £115,200 divided by £66,413 = 173.5%. The case passes both tests.

Step 6, how much more could the portfolio carry? At 145% ICR and 5.5%, the maximum debt the rent supports is £115,200 divided by (1.45 × 0.055) = £115,200 divided by 0.07975 = £1,444,514. That leaves roughly £237,000 of borrowing headroom before the ICR binds, although the 75% LTV cap would bind first at £1,312,500 of debt on £1,750,000 of value.

Now change one number. If the same six properties carried £1,170,000 of debt instead of £1,020,000, the ICR would still pass at 156.6% but the aggregate LTV would be 78%, and most lenders would decline the seventh purchase outright. That is why highly leveraged portfolios need lenders with an 85% background cap, such as Rely, or a plan to reduce debt on the next remortgage.

Which lenders offer portfolio landlord mortgages and what are their limits?

More than 20 UK lenders accept portfolio landlords, but their published limits vary widely: Landbay caps the portfolio at 15 mortgaged properties, NatWest at 10, while Foundation and Shawbrook set no limit on background portfolio size. Two 2026 changes matter: Kent Reliance stopped accepting new buy-to-let business on 17 December 2025, and Precise moved its buy-to-let lending to the new OSB Group brand Rely. Both still appear on competitor pages as options. The figures below are taken from each lender’s published criteria at the time of review and change often; we check them against the current product guide before placing a case.

Lender	Portfolio size and exposure limits	Aggregate ICR and stress	Max LTV	Notes
The Mortgage Works	No property limit; “large portfolio” tier at 11+ or £750,000+ with TMW; £10m max borrowing; referral at 10+ properties in one postcode area	145% individual, 125% company, at 5.25%	75% aggregate	No personal income needed; 3 months’ bank statements at 11+
Paragon Bank	Every case goes through the portfolio route; above £10m aggregate is bespoke; £4m ceiling at 65% LTV for 4+ assets	ICR set by tax band and property type	80% (65% on the largest loans)	2 years’ letting experience required; strong on HMOs and MUFBs
Shawbrook	Loans £50,000 to £50m; no background limit; indicative umbrella limits for expanding portfolios	Case by case	75% interest-only	Rates from 4.79%; 2, 3, 5 and 10 year fixes; fees 2% to 5%; relationship manager above £5m
Hampshire Trust Bank	Flow range to £2.5m, Core range to £5m, bespoke to £25m; large portfolios welcomed	125% company, 140% individual (140% and 155% on HMOs over 6 beds)	75% net	No minimum income, no maximum age; expats, offshore and foreign nationals
Aldermore	Multi Property product: 2 to 30 properties on one loan; £5m total exposure, then case by case	125% company or basic rate, 145% higher rate; background stressed at 5.0%	75% blended	Top-slicing accepted; cash flow and assets statement required at 11+ Aldermore loans
Rely (OSB Group, formerly Precise and Kent Reliance BTL)	Max loan £10m; no stated property limit	Background portfolio 125% at 5.8%; subject property 160% higher rate, 125% basic rate or company (170% and 135% on HMOs)	85% background cap	No proof of income for portfolio landlords; business plan, cash flow and assets statement via the BTL Hub
Landbay	Max 15 mortgaged BTLs in the portfolio (Premier range); £5m exposure	125% basic rate or company, 140% to 145% higher rate	75%	Intercompany loans accepted; tenancies up to 3 years
Fleet Mortgages	Portfolio landlord at 4+, or 3 when buying a 4th; £5m per obligor	Whole portfolio 125% at 5%	75% overall portfolio	Business plan and cash flow combined into one questionnaire
Foundation Home Loans	No limit on background portfolio; £5m exposure; max loan £2m	125% basic rate or company, 145% higher rate	75% (65% on large loans)	Complex company structures and intercompany deposit loans accepted
Castle Trust Bank	Portfolios, HMOs, MUFBs and holiday lets; above £5m bespoke	125% company, 145% individual	75% (77% gross with fees)	TermTen: 10 year term with a 5 year fix; AVMs; expats and foreign nationals
YBS Commercial	Portfolio facilities £500,000 to £20m; needs 6+ residential properties or a £3m+ loan; £10m per block	140% at the product stress rate	75%	Single loan across the portfolio; 5 to 25 year terms; EPC A to C or an improvement plan
Cambridge & Counties Bank	Experienced landlords with 2+ properties held 2+ years; loans £150,000 to £15m	120% net rent on a 5 year fix, 130% on variable	70% interest-only	Manual underwriting; no valuation fee until approved
NatWest	Considered up to 10 BTL or consent-to-let properties at completion	ICR and stress rate set per product	Aggregate LTV assessed	2 years’ experience and must own your own home; 1 month’s bank statement per property

Read the table for fit, not just for the cheapest rate. A landlord with 18 properties and one HMO has three or four realistic lenders. A landlord with four standard terraces at 60% LTV has twenty. Knox runs the whole portfolio through the criteria of every lender on the panel before recommending one, which is where a whole-of-market broker earns the fee on a portfolio case.

What are portfolio landlord mortgage rates in September 2026?

In September 2026, portfolio landlords pay broadly the same rates as any other buy-to-let borrower on individual mortgages: roughly 4.5% to 5.8% on two and five year fixes at 75% loan-to-value, with product fees of 2% to 5% on the lowest headline rates. Single portfolio loans from commercial lenders are priced higher, typically 6% to 7% with a 2% arrangement fee, because they are individually underwritten and secured across several titles. Moneyfacts put the average two year buy-to-let fix at 5.46% and the five year at 5.76% in April 2026, and Shawbrook publishes portfolio rates from 4.79%.

Product (75% LTV)	Indicative rate	Typical fee	Who it suits
2 year fixed, individual mortgage, personal name	4.5% to 5.6%	2% to 5%, or £1,495 to £1,999 flat	Landlords expecting to refinance or sell within 2 years
5 year fixed, individual mortgage, personal name	4.7% to 5.8%	2% to 5%	Stress-tested at pay rate at many lenders, so borrowing is higher
Limited company (SPV), individual mortgage	+0.1% to +0.4% on the above	2% to 5%	Offset by the 125% ICR most lenders apply to companies
Multi-property single loan (Aldermore, 2 to 30 properties)	Product rate plus a small margin	Around 1.5% to 2%	Landlords who want one payment and one LTV
Commercial portfolio facility (YBS Commercial, Shawbrook, HTB)	6% to 7%	2%	£500,000+ facilities, mixed portfolios, HMOs and blocks
Castle Trust TermTen (10 year term, 5 year fix)	5.5% to 6.5%	2% to 3%	Landlords who want certainty without a 25 year term

Do portfolio landlords get better rates? Not on the headline. What they get is access: lenders such as Paragon, HTB and Shawbrook price larger loans and repeat borrowers more keenly, and a landlord bringing £3 million of borrowing to one lender can negotiate the fee. These are market ranges from published lender and broker data at the time of review, not a quote. The rate you are offered depends on the property types, the aggregate LTV and the lender’s view of your business plan.

Should you take one portfolio loan or keep individual mortgages?

Keep individual mortgages if you buy and sell regularly or want to refinance one property without touching the rest. Take a single portfolio loan if you hold a stable portfolio, want one payment and one blended LTV, and have a weak property in the mix that would fail an ICR test on its own. A blanket loan cross-collateralises everything: the lender holds a charge over every title, and selling one property means the lender revalues the rest and may demand part of the sale proceeds to hold the LTV.

Factor	Individual mortgages	Single portfolio loan
Lenders available	20+	Around 6 (Aldermore, YBS Commercial, Shawbrook, HTB, InterBay, some private banks)
Minimum size	From £25,000 per property	Usually £500,000+ or 2+ properties
ICR test	Each property must pass on its own, plus the aggregate test	Blended across the portfolio; a weak property is carried by the strong ones
Selling one property	Redeem that mortgage, keep the others	Lender consent, revaluation, possible partial repayment
Rate	Lowest headline rates in the market	Typically 0.5% to 1.5% higher
Admin	Multiple lenders, rates and end dates to track	One statement, one direct debit, one rate expiry
Equity release	Property by property, when each deal ends	Across the whole portfolio in one refinance
Risk	Default on one loan does not automatically endanger the rest	Default puts every property at risk

A common middle route is to hold most of the portfolio on individual mortgages and place a cluster of lower-yielding or unusual properties, for example three flats in one block, on a single facility. That keeps flexibility where it matters and uses the blended test where it helps.

Can you refinance a whole property portfolio to release equity at once?

Yes. A portfolio refinance replaces the mortgages on several properties in one application, usually with one lender, to release equity for further purchases, to move properties into a company, or to bring a spread of deal end dates into one cycle. The lender values every property, applies the aggregate ICR and LTV tests to the new borrowing, and completes on all the properties on the same day or in agreed tranches. Aldermore’s Multi Property product, YBS Commercial’s portfolio facility and Shawbrook’s umbrella limits are built for this.

The arithmetic is the same as the worked example above, run in reverse: start from the rent, apply the lender’s ICR and stress rate to find the maximum debt, cap it at the aggregate LTV, and subtract the existing mortgages to find the releasable equity. On the six-property portfolio above, with £100,800 of annual rent, 145% ICR at 5.5% supports £1,264,000 of debt and the 75% LTV cap allows £1,125,000. The cap binds, so the maximum release is £1,125,000 less £1,020,000 = £105,000, before fees. Timing matters: refinancing properties still inside a fixed rate costs early repayment charges of 1% to 5% of each balance, so most portfolio refinances are staged around the end dates. Properties bought within the last six months need a lender that will lend on the new value, which we cover in our buy, refurbish, refinance guide.

Should a portfolio landlord incorporate, and what is Section 162 relief?

Incorporating means transferring your personally owned portfolio into a limited company, which is then taxed at corporation tax rates with mortgage interest fully deductible. The obstacles are capital gains tax on the transfer and stamp duty land tax on the company’s purchase. Section 162 of the Taxation of Chargeable Gains Act 1992 allows the capital gain to be rolled into the company shares where the portfolio is a genuine business rather than a passive investment, and partnership routes can reduce the SDLT. This is tax advice territory: we do not give it, and any lender will expect you to have taken it from an accountant before applying.

Two things changed in 2026. From 6 April 2026, incorporation relief has to be claimed on your self-assessment return rather than applying automatically. On 20 August 2026 HMRC amended its Capital Gains Manual to confirm that a landlord spending fewer than 20 hours a week on the portfolio may still be running a business for Section 162 purposes, softening the informal 20-hour test that followed the Ramsay case. On the mortgage side, incorporation is a refinance of every property into the company’s name, so it is underwritten as a portfolio transfer: the company needs a lender that accepts newly formed SPVs with directors’ guarantees, and every property is revalued. Our limited company buy-to-let guide covers the lender side in detail.

How do HMOs, blocks and corporate lets affect a portfolio application?

Property type narrows the lender list faster than portfolio size. A portfolio containing houses in multiple occupation, multi-unit freehold blocks, holiday lets or properties on corporate leases to a housing provider will fail at lenders whose criteria only cover standard single lets, whatever the aggregate numbers say. Each specialist type carries its own ICR, valuation basis and licensing check, and the lender applies them property by property within the portfolio test.

HMOs are tested at 135% to 170% ICR depending on the lender and your tax band, and are valued on a bricks-and-mortar, investment or hybrid basis; see our HMO mortgage guide. Multi-unit freehold blocks are treated by some lenders as one security and by others as a cluster of flats, which changes both the LTV and the ICR; our multi-unit freehold block mortgage guide sets out which lenders take which view. Properties let on three to five year leases to a company, council or supported housing provider are a niche of their own, handled by perhaps eight lenders, and covered in our corporate lease buy-to-let guide. Concentration is the other trap: TMW refers any case where the landlord holds 10 or more properties in one postcode area, and most lenders cap their own exposure to one block or one street.

Why do portfolio landlord mortgage applications get declined?

Portfolio cases are declined for six recurring reasons, and most of them are visible before the application goes in. The aggregate loan-to-value is above the lender’s cap. The aggregate ICR fails at the stress rate because rents have not kept pace with debt. The portfolio schedule does not match the credit file or the bank statements. The business plan is a paragraph rather than a plan. A property in the portfolio is of a type the lender does not accept. Or the lender’s own exposure limit, in properties or pounds, has been reached.

Decline reason	What the underwriter sees	The fix
Aggregate LTV over the cap	Portfolio at 78% against a 75% limit	Reduce the new loan, repay on the next remortgage, or place with a lender using an 85% background cap
Aggregate ICR fails	Rent covers 130% of stressed interest against a 145% requirement	Move to a 125% lender (company or basic rate), use a 5 year fix tested at pay rate, or increase rents to market before applying
Schedule mismatch	Seven mortgages on the credit file, six on the schedule	Reconcile against the credit report and bank statements before submission
Weak business plan	“Continue to let the properties”	Show 12 to 24 months of purchases, refinances, reserves and how a 2% rate rise is absorbed
Unacceptable property type	An HMO or corporate let inside a standard lender’s portfolio	Place the case with a specialist lender that accepts every property type in the portfolio
Lender exposure reached	Already at £5m or 15 properties with that lender	Spread the portfolio across two or three lenders by design
Concentration	12 properties in one postcode district	Expect referral; supply void history and local demand evidence, or use a commercial lender that prices concentration in

The single most effective preparation is to run the aggregate numbers yourself, using the worked example above, before you pick a lender. If the portfolio fails at 145% and 5.5%, you already know the shortlist is company-rate lenders, 5 year fixes, or a commercial facility.

How long does a portfolio landlord mortgage take?

Plan for 4 to 8 weeks from application to offer on a single purchase or remortgage by a portfolio landlord, and 8 to 14 weeks for a multi-property refinance or a single portfolio loan. The extra time over a standard buy-to-let comes from the portfolio review, which sits with a specialist underwriter rather than an automated decision, and from valuations, which have to be booked on every property in a multi-property case. Aldermore, Fleet and TMW turn clean portfolio cases round in 3 to 5 weeks when the schedule and business plan arrive with the application.

Stage	Single property, portfolio landlord	Multi-property refinance
Portfolio schedule, business plan, cash flow prepared	1 week	1 to 2 weeks
Decision in principle and lender selection	1 to 3 days	1 week (credit-backed terms)
Application and valuation	1 to 2 weeks	2 to 4 weeks (every property inspected)
Portfolio underwriting and offer	2 to 4 weeks	3 to 5 weeks
Legal work and completion	2 to 4 weeks	3 to 6 weeks, or staged around fixed-rate end dates

A Knox portfolio case: refinancing a 21-property corporate-let portfolio

An illustrative case, with details changed. An investor in the North West held 21 properties, 14 in his own name and 7 in an SPV, of which 12 were let on five year corporate leases to a supported housing provider. He wanted to release equity to buy a further block and had been declined twice: once by a high street lender that treats corporate leases as unacceptable tenancies, and once by a specialist lender that had reached its exposure limit with him. His aggregate LTV was 61% and his aggregate ICR at 5.5% was 168%, so the numbers were never the problem; the property type and the lender concentration were.

We rebuilt the portfolio schedule from the credit file and the lease documents, wrote a business plan around the lease terms and the provider’s covenant, and split the refinance across two lenders that accept corporate lets: nine properties onto one and four onto another, leaving the remaining eight untouched inside their fixed rates. The refinance released £410,000, moved the aggregate LTV to 70%, kept the ICR above 150% at the stress rate, and completed in eleven weeks. The point of the case is not the numbers, it is that a portfolio landlord’s problem is usually placement, not affordability, and placement is what a whole-of-market broker is for.

Portfolio landlord mortgage frequently asked questions

What is classed as a portfolio landlord?

Four or more mortgaged buy-to-let properties, counted across everything you own personally, jointly or through a company where you are a director or shareholder. The definition is set by the PRA in SS13/16 and used by every regulated lender. Unmortgaged properties do not count towards the four, and neither does your own home.

Do portfolio landlords get better mortgage rates?

No, not on headline rate. Portfolio landlords pay the same buy-to-let rates as other landlords on individual mortgages, and slightly more on single portfolio loans. The advantage is in access and negotiation: specialist lenders price large loans and repeat borrowers more keenly, and a landlord bringing several million pounds of borrowing can negotiate fees.

What is the maximum LTV for a portfolio landlord?

75% on the aggregate portfolio at most lenders, with Rely allowing an 85% background portfolio LTV and Paragon lending to 80% on the subject property. The cap applies to the whole portfolio, so a highly leveraged existing portfolio can block a new purchase even at a low LTV on the new property.

Do I need a business plan for a portfolio landlord mortgage?

Yes. Every lender applying the PRA rules asks for one, alongside a portfolio schedule and a cash flow forecast. It does not need to be long, but it must show your plans for the next 12 to 24 months, your reserves, and how you would absorb voids and a rise in rates. Fleet folds it into a questionnaire; Aldermore and TMW step up the requirement at 11 or more properties.

Can a limited company be a portfolio landlord?

Yes. The four-property count includes properties held in any company where you are a director, shareholder or person with significant control, so a landlord with two personal buy-to-lets and two in an SPV is a portfolio landlord. Company applications are usually tested at a 125% ICR, which is why many portfolio landlords buy new properties through an SPV.

What are the downsides of a single portfolio loan?

Cross-collateralisation, a higher rate and less flexibility. The lender holds a charge over every property, so selling one needs consent and may trigger a revaluation and partial repayment, and a default on the facility puts the whole portfolio at risk. Rates run 0.5% to 1.5% above the best individual buy-to-let products. The upside is one payment, one blended LTV and a weak property carried by the strong ones.

Is there a limit on how many properties a portfolio landlord can mortgage?

No overall limit, but each lender sets its own. NatWest considers up to 10, Landbay up to 15, Aldermore up to 30 on one loan, and TMW, Foundation, Shawbrook and HTB set no property limit but cap total borrowing, typically at £5m to £10m before bespoke terms. Larger portfolios are spread across several lenders by design.

How much does a portfolio landlord need to earn?

Often nothing beyond the rent. TMW, HTB and Rely require no minimum personal income for portfolio landlords because the portfolio is assessed as a business. Where the subject property’s ICR falls short, lenders that allow top-slicing, such as Aldermore, will use surplus personal income to make up the difference, subject to evidence.

Speak to a portfolio landlord mortgage broker

Knox Mortgages is a whole-of-market broker with a dedicated bridging and commercial desk and a panel of more than 100 lenders. We place portfolio purchases, multi-property refinances, incorporations and single portfolio loans for landlords from four properties to more than twenty, including corporate-let and supported housing portfolios that most brokers turn away. Before you pay a valuation fee we run your whole portfolio through the criteria of every lender that could take it and tell you which will, at what LTV, and why. Run your own numbers first on our buy-to-let mortgage calculator, then book a call.

---

Your home may be repossessed if you don’t keep up repayments on your mortgage.

Knox Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730