We’ve improved the way we stress-test your clients for buy-to-let mortgages. Which means we say yes to more customers. Good news for you, and them.
First, the interest rate stress on 5 year fixed products is now 5.00%
We’ve lowered our interest rate stress for 5 year fixed rate products to 5.00%.
For all other products, the interest rate stress is 5.50%.
Second, the straight balance swap interest rate stress has reduced from 5.99% to 5.50%
Buy-to-let remortgages with no additional borrowing are now offered at a lower interest rate stress of 5.50% across all products, at 125% of rental income.