- Under transitional arrangements, the rental cover we can offer is:
- 125% minimum rental cover at
- 00% affordability rate or
- 50% affordability rate for 5 year fixed rates
- 125% minimum rental cover at
- Here’s our criteria for transitional arrangements:
- The new BTL remortgage application must not be capital raising
- The BTL property must have been purchased before 1 January 2017
- We can’t accept an increase in lending taken on or after 1 January 2017
- We aso offer a free standard valuation up to a property value of £2.5m plus a choice of standard legal fees paid or £250 cashback on completion (ERC applies)
If you want to know more about the above, please call your dedicated contact.