From Tuesday 29 September we’re improving the way we capture monthly ground rent and service charge in our affordability calculator and Introducer Internet.

These costs must now be entered separately in our affordability calculator under the expenditure and commitments section (rather than grouped together) so that we can calculate a more accurate loan amount. The affordability calculator also shows your intermediaries where to input these monthly costs in the full mortgage application (FMA) on Introducer Internet. These figures do not need to be inputted at AIP stage.

If you have any questions please get in touch with your dedicated contact.