How much rental income do I need? (Buy to Let)
Prospect Mortgage Services provide independent, sound and honest advice for your mortgage and protection needs.
A few reminders before you start
Whether you are an experienced portfolio Landlord or looking to purchase your first rental property getting a good deal starts with doing your homework. This helps you to avoid potential pitfalls further down the road. One of these is ensuring that your rental property is going to rent out for sufficient income to support the mortgage you want to secure against the property.
Our BTL rental calculator is quick and easy to use. Simply add the following information to calculate what rental income you might realistically need to acheive to support a mortgage application:
- The amount you want to borrow
- The interest rate
- Confirm if you will be applying for a personal mortgage or via a limited company
- Identify if you are a higher rate tax payer
The calculator will display the level of monthly rent you will need to acheive, based on the figures you provide.
Once you have completed the calculation below we would recommend that you get in touch to discuss what might be acheivable in more detail. Please use the Book Now button to arrange a face to face appointment or a call back over the phone.