Call for your free quote 0800 955 0058

  • Buy-to-let new mortgage

    This calculator reveals in under 15 seconds the minimum rental income the lenders require for you to purchase the property. Lenders require a minimum deposit of 25% for a buy-to-let property.

  • Results in Under 15 seconds

    Stamp Duty
    Landlords and second home buyers pay standard Stamp Duty rates on the full purchase price of the property.

    Property value Stamp Duty Rate
    £0 - £125,000 3%
    £125,001 - £250,000 5%
    £250,001 - £925,000 8%
    £925,001 - £1.5m 13%
    Over £1.5m 15%

    For example, if you purchase a buy-to-let property for £300,000 you would pay 3% tax on the first £125,000, 5% for the portion between £125,001 - £250,000 and 8% on the remaining £50,000 Stamp Duty Tax of £14,000. For a new mortgage deal have a look at our Mortgage Best Buys.

  • Buy-to-let Re-mortgage

    This calculator reveals in under 20 seconds the maximum you can borrow for a re-mortgage based on the current rental income per month. The calculator shows the minimum rental income the lenders require based on your current mortgage.

  • Results in Under 20 seconds

    Borrowing limits
    The calculator also shows the maximum amount you can borrow which is limited to 75% of the property value and the minimum rental income the lenders require at this limit for you to remortgage the property.

    The minimum rental income is stressed tested by lenders and assumes a higher interest cost than you would have with a mortgage deal. Typically, this would be 145% of a notional interest rate of 5.5% based on the amount of the loan.

    Lenders may also require a background stress test on other buy-to-let properties in your portfolio and some may require you to earn a minimum income level.

    Call for your free quote 0800 955 0058


    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.


    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.


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    London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.

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