Rental calculation

Standard rental calculation

125% at pay rate for five-year fixed rate products.

For all other products, 125% at the stress rate (currently 7.24%)

 

Enhanced rental calculation

110% at pay rate for a five-year fixed rate product

For all other products, 110% at the stress rate (currently 7.24%)

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Eligibility criteria:

•  For a sole applicant, minimum gross basic salary is £100,000, for a joint application minimum gross basic combined salary of £140,000. 
• Two loans at 110% per personal client.  Any other mortgages to be stressed at the standard 125%.
• Minimum loan amount of £150,000.
• Unsecured debt to income ratio not to exceed 20%
• Enhanced calculation not available for Limited Company Buy-to-let mortgages.