Affordability

Regulated Buy to Let Affordability

A personal affordability assessment is required for all Regulated Buy to Lets, where the property is let to a member of the applicant’s family. You might find it helpful to complete our BTL Affordability Check Form ahead of submitting a full application. 

BTL Affordability Check Form

 

For all other types of BTL, a personal affordability assessment is not needed, however the following rental coverage is required:-

 

Portfolio  BTLs

Rental coverage must equal at least 140% at a stressed rate of 5.5%. 
 

All other BTLs

Rental coverage must equal at least 140% at a stressed rate of 5.5% unless the application is for a £ for £ remortgage on an existing BTL property where rental coverage must equal at least 125% at a stressed rate of 5.5%.