Buy to let rent calculator

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Apply for a buy to let mortgage

Buy-to-let lenders set different mortgage affordability calculations. This calculator gives two illustrative examples of possible mortgage affordability calculations and works out the minimum rent required to satisfy them. The calculator is for guidance purposes only.

If the rent you charge does not fulfil the calculations above, it may still be possible to borrow the amount you need as some lenders use calculations which allow for more generous borrowing.

Please talk to our advisors for a personalised mortgage illustration.

The majority of mortgage lenders require the monthly rent you charge to be able to cover the actual amount you are required to repay each month by the terms of your mortgage deal, plus an additional threshold amount. This is to protect you from financial difficulty in the event your circumstances change (e.g. void periods or a change in rate).

Our buy-to-let rent calculator gives two illustrative examples of the type of calculation a lender may use to establish the affordability of the mortgage amount you are applying for, the actual calculations used vary considerably from lender to lender which is why it is vital to get a personalised illustration and is where our advisors can help.

PRA changes to Mortgage Affordability

In September 2016 the PRA (Prudential Regulation Authority) introduced changes to the rental affordability calculation that they require lenders regulated by them to use.

Not all lenders are regulated by the PRA which means that affordability calculations vary between lenders.

For more information on the changes, visit our news article on the subject.

Considering a new purchase?

If you are purchasing a new property and are unsure of the rent you might attract, you can research what similar properties in the area secure by using property portals such as Rightmove, Zoopla, Primelocation or Gumtree.

Our experts can give invaluable guidance and recommendation

The complexity of mortgage affordability calculations is one of the many complicated aspects of identifying the right buy to let mortgage for your circumstances that our specialist advisors can steer you through.

Call our advisors now, or submit an enquiry online.

Additional calculators

Buy to let mortgage calculator

Calculate your monthly repayments for an interest only or capital repayment Buy to let mortgage.

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Buy to let tax calculator

Use our free tax calculator to get an estimate of how much tax you may need to pay on rental income for the year.

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Rent affordability calculator

Find out if your tenant(s) will be able to comfortably afford your monthly rent using our Buy to Let rent affordability calculator

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Rental yield calculator

Establish if you will achieve a profitable return on investment from property purchase with our yield calculator.

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Stamp duty calculator

Most landlords need to pay extra stamp duty land tax (SDLT) on buy-to-let property acquisitions. Use our stamp duty calculator to find out how much you need to pay.

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LTV calculator

For buy-to-let investors, an LTV calculator can be an invaluable tool to check the ratio between the value of their property and the debt secured against it.

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Buy to Let guide

Search our guides and articles by category or subject for invaluable landlord information.

Visit now

Landlord forms

Download for free a range of documents and forms that you can use to manage your tenancies.

Search our free downloads

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