Your monthly buy to let mortgage repayments will vary depending on factors including when interest is calculated. We can provide you with a no-obligation personalised mortgage illustration.
The amount of mortgage you can borrow against a buy to let property is influenced by the rental income.
Fill in the property information boxes on the buy to let mortgage calculator, to check repayments on the mortgage amount you would like to borrow.
IMPORTANT - The calculator provides an estimate for BTL mortgage costs. For an actual illustration, all you need to do is speak to our team today.
To use the calculator and see example buy to let mortgage repayments:
Then click ‘calculate’ to see what your monthly repayments will be on both an interest only and capital repayment basis.
The buy to let mortgage calculator will also show you the minimum monthly rent you will need to charge to cover your buy to let interest repayments.
Our calculator assumes a minimum rental cover of 125% at the higher of the product pay rate or a 5.00% stress rate.
The rental cover can be 145% with a stress test of 5.5% applied.
Please note that buy to let lenders calculate rental cover differently, and some may require you to charge a higher or lower rent. Speak to your advisor for more information about rental cover rates.
If your repayments will be too high for you to turn a profit, or the rent you can charge won’t sufficiently cover your interest, you might consider attempting to save up a larger buy-to-let deposit.
This will reduce the cost of your mortgage in two ways. First, the outstanding amount and interest accrued will be lower. Second, you may be able to find a more competitive interest rate. Alternatively, you may be able to find a cheaper mortgage at your current deposit level. Speak to your advisor to find out more.
Compare buy-to-let mortgage rates
Visit our mortgage comparison page to review different mortgages and repayment types, and see what interest rate you might expect to pay when purchasing a buy-to-let property.
Your mortgage repayments are likely to be your biggest monthly expenditure, and having the best matching buy to let mortgage is crucial to making a good investment.
Calculate how much rent you may need to charge based upon the size of your mortgage loan.Load this 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.Load this calculator
Find out if your tenant(s) will be able to comfortably afford your monthly rent using our Buy to Let rent affordability calculatorLoad this calculator
Establish if you will achieve a profitable return on investment from property purchase with our yield calculator.Load this 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.Load this 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.Load this calculator