Buy-to-let policy
We use an income and expenditure based assessment to determine how much we can lend.
There’s no minimum income and no minimum rent. We will assume sale of the mortgaged property is the repayment vehicle for BTL.
- The maximum age at the end of the mortgage term is 75 and 364 days
- The maximum term is 40 years
- The maximum loan size outside of London & South East England is £1,000,000. The maximum loan size in London & South East England is £1,500,000*.
- The total balance of all BTL mortgages with Clydesdale must not to exceed £1,000,000. This rises to £1,500,000 if one of the properties is in London or South East England*.
- Product fees can be added to the loan, but the total borrowing must not exceed 80% LTV
- For customers looking to borrow additional money, we will only be able to assist if the customer does not meet the definition of a portfolio landlord.
- Lending to portfolio landlords is only available if they are not looking to borrow additional monies
* London & South East England defined as: Greater London (post codes starting E, EC, N, NW, SE, SW, W, WC, BR, CR, DA, EN, HA, IG, KT, RM, SM, TW, or UB), Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey, West Sussex