Struggling with BTL rental income coverage?
Similar to many other lenders we have amended our BTL rental coverage in line with regulatory changes to non-FCA regulated contracts. However we will consider using surplus personal income to supplement the rent within our affordability testing.
We use an affordability calculator which looks for rental coverage of 135% using a stress rate of 5.99% but will also factor in the client's overall financial position. This often means we are happy to consider cases where the rental coverage is below 135%.
All cases are individually underwritten. Call our friendly helpdesk team to see if we can help.
We will consider:
Postcode restrictions apply.
View our Buy to Let product range here.
For more information, or to talk through a potential enquiry, please call our Intermediary Helpdesk on
01635 918000 or click here for more contact options.
Why choose us?
Newbury Building Society underwrites all cases on an individual basis and does not credit score.
Newbury Building Society is known for providing a tailored and individual service to Intermediaries and provides a helpdesk service on 01635 918000 or at firstname.lastname@example.org. This offers an increased and flexible service to Intermediaries accessing mortgage product advice and services.
We look forward to helping you soon.