Important Information i

IMPORTANT: New BBR Tracker product available on Buy to Let. Standard minimum loan on Buy to Let is now £75,000. Due to the ongoing volatility of the financial markets our mortgage products are subject to reprice or withdrawal at any time. Please keep checking our website for updates. Product rates can be secured by fully submitting applications, including fees paid.

Important Information
Intermediaries
Customers

Buy to Let Criteria

Read more Back to all

Affordability

Interest coverage rate (ICR) test will apply on all cases on an interest only basis. The interest rate used to calculate the ICR test will be:

  • 5 or more years fixed rate products: the initial rate.
  • Tracker and 2 year fixed rates products: A nominal rate (currently 5.5%) or the initial rate + 2%, whichever is higher.

ICR

Interest Coverage Rates Table
* Where all applicants are declared as basic rate tax status during application, proof of basic rate tax status will be required. Where the ICR meets 140%, we will assess the cases as such and will not require proof of tax status

Acceptable proof is tax code status letter/payslip/p60/tax calculation plus tax year overview. Other items may be acceptable on a case by case basis.