12/12/2023 0 Comments Btl interest only mortgage calculator![]() ![]() ![]() CalculationsĪnnual rent ÷ Stress rate % ÷ RCR % = Max available loan including any products fees added. ** Higher/Additional rate tax payers are customers whose total earned income plus 80% share of the gross rental income for all properties that the applicant will own on completion exceeds £50,271 pa (£43,663 pa in Scotland). One or more applicants are higher/additional rate tax payers** Like for Like Remortgage (BTL/LTB)Īll applicants are basic rate tax payers** * For further advances to qualify for 5 year stress rates the total loan, including all existing balances, must be fixed for 5 years or more at point of application. Purchase, Let to Buy, Remortgage with capital raising and Further Advances* ![]() Use the below tables to establish the correct stress rate and rental cover ratio (RCR) to calculate the maximum borrowing available. Visit our criteria page to find out more. EPC rating of the property must be A, B or C. Rate Change Calculator - Find out how your customer's mortgage repayments will be affected by a change in the Bank on England base rate.*NEW* Portfolio Calculator - Check that your customers existing portfolio and new application fits against our Portfolio Landlord criteria.*NEW* Rental Income Calculator - Calculate the maximum amount of capital your customer(s) can borrow to purchase or remortgage their property. ![]()
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