|Ultimate Factor in use|
|Gross Debt Servicing Funds|
|Net Debt Servicing Funds|
|Interest-only modifier in use|
|Applicant 1 total income (SHOWN)|
|Applicant 1 total income (USED)|
|Applicant 2 total income (SHOWN)|
|Applicant 2 total income (USED)|
BTL RENTAL Calculator
Buy-to-let mortgages require that the rental value of the property will cover the mortgage repayments. Use this calculator to work out the minimum rental income required for a buy-to-let mortgage loan. All Buy-To-Let will be individually assessed by underwriters.
The illustration above does NOT include arrangement fees.
If arrangement fees are to be added to the loan the rental income MUST cover the loan amount plus arrangement fees.
The Maximum LTV is 80% of the property value (except for Ex Pat Buy-to-let where the maximum LTV is 75%).
5 Year Fixed Rates: Rental Cover 140% of pay rate
Variable Rates: Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan
These figures are only illustrative and are not guaranteed.
All applications are subject to the current underwriting criteria.