Buy to Let Calculator

When assessing Buy to Let (BTL) cases we use the following calculations:

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).

Like for Like Remortgage

(Excluding Consumer BTL and/or Let To Buy applications)

The following stress rate will apply (irrespective of tax status):

  • 125% at the higher of; product rate plus 1% or 5.5%.

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%.

Using The BTL Calculator

When using the BTL calculator shown below, please ensure that the product interest rate is entered so that we can provide you with the correct calculation.

Do not use this calculator if the client has top-slicing needs. Instead, please take a look at our separate top-slicing criteria.

Minimum monthly rent

%
£
£
Is it a Like for Like Remortgage?
Is a 5yr Fixed Product being taken?
Is this a BTL Portfolio Landlord case?
Are all applicants either a Nil rate or Basic (Starter or Intermediate in Scotland) rate tax payer?

Minimum Monthly Rent Required:

Maximum loan

%
£
Is it a Like for Like Remortgage?
Is a 5yr Fixed Product being taken?
Is this a BTL Portfolio Landlord case?
Are all applicants either a Nil rate or Basic (Starter or Intermediate in Scotland) rate tax payer?

Maximum Loan Available:

Interest coverage calculator

%
£
£
Is a 5yr Fixed Product being taken?

Coverage: