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Changes to BTL Rental Calculation from Foundation Home Loans.

16 January 2017

Foundation Home loans  

From today Monday 16 January, Foundation Home Loans rental calculation stress test will be changing. 

Any DIPs submitted before Monday 16th January will be assessed on the basis of the current calculations and will be unaffected by the change. 

Any DIPs submitted on or after 16th January will be assessed against the below criteria:  

5 Year Fixed RatesAll other products
 Individual  145% of pay rate  145% of the higher of:
pay rate OR 5.5% notional rate
 Limited Companies  125% of pay rate  125% of the higher of:
pay rate OR 5.5% notional rate

 

Check out our Buy to Let Matrix for all lenders criteria changes here.

 


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