7 August 2025 | Written by Mercantile Trust
Buy to Let Mortgages with no minimum income: A guide for UK landlords
If you’re a landlord or property investor with a low or irregular income, you may be wondering whether it’s still possible to get a Buy to Let Mortgage. The good news? It is.
At Mercantile Trust, we offer Buy to Let Mortgages with no minimum income requirement — helping more people get onto or move up the property ladder, even if they don’t meet traditional lender criteria.
In this guide, we’ll explain:
- What a buy to let mortgage with no minimum income is
- Who can benefit from this type of lending
- What income sources are accepted
- How poor credit history affects your options
- Why specialist lenders like Mercantile Trust may be the right fit
What Is a Buy to Let Mortgage with No Minimum Income?
A buy to let mortgage with no minimum income allows you to borrow without having to prove a set annual salary — a requirement typically imposed by high street lenders (often £25,000+). Instead, lenders assess your overall financial situation and the expected rental income of the property.
These mortgages are ideal for:
- Retired landlords
- Self-employed individuals
- Part-time workers
- People with non-traditional income sources
Please note: At Mercantile Trust, a minimum income of £22,500 is required if you are a first-time buyer or first-time landlord.
At Mercantile Trust, we focus on the viability of the investment and your ability to repay — not just your job title or payslip.
What Income Sources Can You Use?
We understand that not all borrowers have a 9-to-5 job. That’s why we accept a broad range of income types when assessing affordability, including:
- Rental income (from current or future properties)
- Pension payments
- Government benefits
- Savings or investments
- Gifted deposits from family members
While many mainstream lenders limit what they accept, Mercantile Trust is more flexible — because we understand real life doesn’t always fit inside a tick box.
Can you get a buy to let mortgage with no minimum income if you have a history of poor credit?
Yes. A poor credit history doesn’t automatically mean you’ll be declined. We regularly work with applicants who have:
- Missed payments or arrears
- County Court Judgements (CCJs)
- Defaults
- Debt management plans
- Bankruptcy (after discharge)
We take a holistic approach, reviewing the full picture rather than focusing only on your credit score. If the investment is sound and you can afford the monthly repayments, we’ll do our best to help you secure the funding you need. To learn more about Buy to Let Mortgages for poor or bad credit, read our guide here: Link
Why Choose Mercantile Trust?
Mercantile Trust is a UK-based specialist direct lender that helps landlords and investors access property finance with fewer barriers. We pride ourselves on flexibility, transparency, and customer service.
Our Buy to Let Mortgages:
- Start from £10,000 to £500,000
- Require no minimum income for existing landlords
- Accept a range of credit profiles
- Cover England, Scotland, Wales, and Northern Ireland
- Are supported by expert team, from application to completion
Whether you’re buying your first rental property or adding to your portfolio, we’ll help find the most suitable solution for your goals.
Frequently Asked Questions
1. Do you need a job to get a buy to let mortgage?
No. You don’t need to be employed to get a buy to let mortgage — as long as the rental income and your overall finances support the loan.
2. What’s the minimum deposit for a buy to let mortgage?
Typically, you'll need at least 25% of the property's value. This can come from savings or gifted funds.
3. Will my affordability be based on rental income?
Yes. In most cases, the projected rental income is used to assess affordability, especially when there’s no minimum income requirement.
Ready to Apply?
If you're looking for a buy to let mortgage with no income restrictions, speak to our team today. We’ll review your situation and provide straightforward advice on your options.
Call us on 0800 032 3737
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