How much can my client borrow?

Affordability is based on the rental income of your client’s property. Find out how much we may be able to lend.

Unless stated otherwise, rental income must cover the stressed mortgage payment by 125% for limited companies and basic rate tax payers, 145% for higher rate tax payers, or 135% where there is a mix of low and higher rate tax payers in the application. Holiday lets are calculated at an average of 39 weeks.

Where the fixed rate is for 5 or more years, the mortgage payment is calculated at the pay rate. For shorter term fixed rates it uses the higher of 5.5% or Pay Rate + 2%.