Existing Chelsea borrowers
How much can I borrow?

The amount you can borrow with Chelsea's Buy To Let mortgage range is based not on what you earn, but on the potential rental income from the property you buy and its value.

The estimated gross monthly rental income must represent at least 110% of the interest-only monthly mortgage repayment. So, for instance, if you estimate a monthly rental income of £550.00 (110%), your monthly interest-only mortgage repayment could be no more than £500.00 (100%), subject to confirmation from Chelsea's valuer.

Depending on the estimated monthly rental income, you may borrow up to:

  • 85% where the lower of the purchase price and valuation is up to or including £300,000
  • 80% where the lower of the purchase price and valuation is up to or including £400,000
  • 75% where the lower of the purchase price and valuation is up to or including £500,000
A lower percentage will apply for properties with a purchase price or valuation over £600,000. A lower percentage may also apply if you wish to increase your borrowing when you change to an existing borrower Buy to Let mortgage. Our Buy To Let Mortgages can also help those who would like to build up a portfolio of properties, provided that the total value of these loans does not exceed £2,000,000.

The maximum number of bedrooms per property is four. Applications will not be accepted for properties licensed as an HMO (House in Multiple Occupation).

To check what you could afford, our mortgage calculator will estimate what your regular monthly payments could be.

Your home may be repossessed if you do not keep up repayments on your mortgage