To help more of your clients get the loan amount they need, we’ve increased the flexibility of our buy-to-let underwriting. That’s why we allow clients to include personal income in the affordability test.

The rental income must cover 125% of the mortgage interest payment, calculated at a notional rate of 5.50%, with personal income being considered to cover the difference up to 145%.

Personal income is defined as the customer’s net monthly income less any outgoings.

For more information and examples of how our Personal Income policy works, have a look at our BTL Sales Aid, try out our simple BTL Affordability Calculator, or speak to your dedicated BDM.