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Cambridge changes BTL income ratio

06 March 2017

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From Tuesday 7 March Cambridge BTL income coverage ratio will increase from 125% to 140%.                                                    

BTL

Gross rental income from the property must be at least 140% of the required mortgage payment when calculated on an interest only basis at a stressed rate of 5.50%. 

BTL Remortgages 

For like for like remortgages where no additional funds are being requested interest cover will remain at 125% at a stressed rate of 5.50%. 

Existing Cases

DIPs submitted by close of business Monday 6 March will continue to be assessed at 125%. 

For details of all lenders current BTL criteria take a look at our Matrix here.


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