Income is calculated using the surplus amount of rental income after deducting all costs of property management and mortgage interest payments. For affordability minus the relief of finance cost from the last two years net profits from land and property. We then use the average of the of the last two years net profits from land and property or the latest years whichever is lowest.

Please note:


Investment income from land and property can only be used for self-financing portfolios (A portfolio is classed as self-financing where rental income is greater than 145% of mortgage payments on an interest only basis at 5.0%)
Where the BTLs are Capital and Interest, the income can be used within the assessment but the full mortgage cost must be taken as a deduction.