Portfolio Landlords/Higher Rate taxpayers
- A stress rate of 145% x the higher of; interest rate plus 2% or 5.5% will apply (or the higher of; interest rate plus 1% or 5.5% if a fixed product of 5 years or more is required).
- For Portfolio BTL landlords, any background properties will be assessed at 145% x 6%.
- For non-Portfolio BTL landlords, any background properties will be assessed at 125% x 6%.
Basic/Nil rate taxpayers
- A stress rate of 125% x the higher of; interest rate plus 2% or 5.5% will apply (or the higher of; interest rate plus 1% or 5.5% if a fixed product of 5 years or more is required).
Additional Borrowing
The following stress rates will apply (irrespective of product selected):
- Higher rate taxpayers/Portfolio Landlords - 145% x the higher of; interest rate plus 2% or 5.5%.
- Standard rate taxpayers - 125% x the higher of; interest rate plus 2% or 5.5%.
Do not use this calculator if the client has top-slicing needs. Instead, please take a look at our separate top-slicing criteria.