With tax relief on mortgage interest being phased out gradually since April 2017, landlords have had to change the way they declare their income. The good news is that whilst some lenders choose not to accept rental income, Family Building Society will continue to accept it. However, they are reviewing their policy on the way they can use land and property income for owner occupied mortgages for new applications.

If you have any cases using land and property income or any queries on what rental income can be used for affordability purposes, please contact your BDM or their dedicated Mortgage Desk.

Click here to find out more.