Use our rental calculator to work out the minimum rent required for a Buy to Let Mortgage.
If there’s a shortfall it’ll also confirm if top slicing is available for your client and if so, take you to our surplus income calculator.
If the declared rental income is insufficient to meet the loan requested, then it may be possible to increase the maximum loan available by either:
Straight Switch - If your client(s) are re-mortgaging with no additional borrowing.
Capital Raising/New Purchase - If your client(s) are looking to borrow more.
Please provide details if you require the maximum loan amount
Terms of between 5 and 40 years are acceptable
Please note our rental calculator is for guidance purposes only. Please submit a decision in principle (DIP) to obtain an accurate indication of the loan amount and the minimum rental income expected for your client.
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.