The people, amounts, property and circumstances are invented to explain a borrowing brief. No lender, rate, approval, completion or client outcome is claimed.
- Loan requested
- £520,000
- Loan type
- Buy-to-let
- Property type
- House
- Illustrative price
- £750,000
- Contribution to price
- £230,000
- Illustrative loan-to-value
- 69.3%
The price contribution excludes taxes, fees, interest, works and other transaction costs. Those need a separate budget. The ratio illustrates arithmetic, not lending criteria or eligibility.
The borrower’s brief
A landlord already has three mortgaged rental properties and is considering another house for £750,000. The proposed loan is £520,000 and the contribution towards the price is £230,000. The next purchase needs to fit the existing commitments rather than be viewed in isolation.
The question behind the loan
The new property’s figures are only one part of the picture. Current balances, payment dates, tenancy income, upcoming mortgage reviews and maintenance spending across the other properties may affect the overall cash position. The number of properties alone does not determine the outcome.
Information to bring together
- An up-to-date schedule of each property, mortgage and tenancy.
- Known repair, tax and management commitments across the portfolio.
- The source of the new deposit and the reserves left afterwards.
- Rent, condition, title and operating costs for the proposed house.
Where the assessment goes next
Bring the existing portfolio and new purchase into one dated schedule. The useful outcome of preparation is a clearer view of the commitment being proposed and the evidence required. It is not confirmation that adding a fourth property qualifies for any particular product.
Discuss your own circumstances
A similar loan amount or property type does not mean the same finance is available. Income, commitments, credit history, the property and current terms need an individual assessment. Tell Jack what you want to achieve and any part of the plan that remains uncertain.
Prepared for Jack Cousins, Head of Mortgages at Lockhart Murphy. Updated 10 November 2026.
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