Mortgage Scotland: Buy To Let

In Scotland, you pay Land and Buildings Transaction Tax (LBTT) instead of UK Stamp Duty. Buy-to-let mortgages explained - MoneyHelper

While some specialist lenders may offer 20% or even 15% in rare cases, the market standard in 2026 is 25% of the property value. For an average £200,000 property, you should budget for a £50,000 deposit. buy to let mortgage scotland

Most lenders still require a minimum personal income, often around £25,000 per year , to provide a safety net for void periods. 2. Scotland-Specific Taxes (LBTT and ADS) In Scotland, you pay Land and Buildings Transaction

Lenders use an Interest Coverage Ratio (ICR) to ensure rent covers mortgage interest. Typically, you need a rental income of 125% to 145% of the monthly mortgage payment, often "stressed" at a higher interest rate (e.g., 5.5% or 7.5%) to ensure sustainability. Most lenders still require a minimum personal income,