Skip to main content

Nationwide make changes to their rental income cover ratio.

21 September 2016


From today, Wednesday 21 September, Nationwide have changed the way they calculate their Income Cover Ratio (ICR). 

Currently any background let property with a mortgage is treated as self funding where the ICR is at least 125%. From today this is increased to 145%. 

This means that where the rental income does not cover the 145%, any shortfall will be treated as an outgoing. 

More information can be found on their website and affordability calculators have been updated.

Using an Ipad

Follow us on twitter

Follow Jeremy Duncombe for market and product updates on Twitter. You'll find him at @JeremyDuncombe.