Please note our affordability is assessed by either using the standard ICR Rate or the selected product rate plus a percentage loading, (2% 2/3yr products or 1% 5yr product) whichever is higher.

The DIP will assess the affordability using the standard ICR rate so there may be some discrepancy in affordability prior to selecting the product rate at FMA stage.

Following the DIP, we may undertake further checks to assess affordability for your client, which may result in a reduction to the loan amount we are prepared to advance or the loan being declined.