Rental Calculation

As affordability for Buy to Let property is based on the income the property is likely to achieve when rented out, the rental assessment takes into consideration the interest rate on the product selected and whether the landlord is a basic or higher rate tax payer, or buying through a limited company.


Who is this product for?

TAX BAND RENTAL COVER RATE TOP UP* HMO/MUB
UK Basic Rate 125% From 115% 130%
UK Higher / Additional Rate (at least one applicant) 140% From 120% 140%
UK Ltd Co's / SPV 125% From 115% 130%
Expats BRT 125% , HRT 140% BRT 130% , HRT 140%

*Top up using surplus income subject to full affordability assessment and income verification. Top up not available for 85% LTV products


Key Lending Criteria

  • The interest rate used is determined by the product chosen:
  • 2 year fixed: Product rate + 2%, 5.5% minimum
  • 2 year fixed: £ for £ remortgage: Product rate, 5% minimum
  • 5 year fixed: product rate
  • Up to 2 CCJs with a total combined value of £5,000 considered
  • Up to 2 missed mortgage or secured loan payments considered
  • Debt Management Plans (DMPs) considered providing they have been satisfactorily conducted
  • Debt consolidation available up to 75% LTV
  • Impaired credit is assessed on total combined adverse from all applicants
  • 40 year term available
  • All property types considered
  • 40 year term available
  • All property types considered
  • Available on Capital Repayment or interest only