You could qualify for a single buy-to-let mortgage if you’re securing your loan against a property you obtained for the purpose of renting it out – i.e. for a business purpose. You may have a portfolio of buy-to-let properties, but if we secure against one property, we use our single buy-to-let mortgage. A single residential buy-to-let property purchase can’t be a consumer buy-to-let, therefore it fits into our single buy-to-let mortgage.
You could qualify for a mortgage on your buy-to-let portfolio if you’re securing your loan against more than one personal or commercial property and all properties are being, or are intended to be, let out.
You could qualify for a commercial buy-to-let mortgage if you’re securing your loan against a commercial property, which is, or is intended to be, let out.
Consumer buy-to-let or "accidental landlord"
You could qualify for a consumer buy-to-let mortgage if you need finance on a residential property, which you’re intending to let out, but only after you became an ‘accidental landlord’. As such, you don’t qualify for a traditional buy-to-let mortgage. For example you need to let out a former home, or you’ve inherited a property you didn’t obtain with the intention to let out.