Aldermore are continuing to accept additional income from UK land and property to support Britain’s landlords.

Following the recent tax changes to mortgage interest relief, to make sure they are lending responsibly, they will take any potential impact of the tax changes into account when assessing your client’s affordability.
This will apply when your client wants to use additional income from mortgaged buy-to-let properties in their personal name for buy-to-let and residential applications.

So you can see the potential impact of the tax changes on your client’s income, they’ve made their Tax Changes Impact Calculator available to download. You can use the revised figure in their affordability calculators, but you must still enter the original income figure in the application to match your client’s SA302.

You can also access the Tax Changes Impact Calculator through Aldermore’s website along with their Buy-to-Let Affordability Calculator