Including the rental income from this property, will any applicant be a Higher Rate Tax Payer ?
New Street will consider any applicant as a Higher Rate Tax Payer if their gross income received, plus their portion of total gross rental income on all properties they own ( including the anticipated rental income from the property to be mortgaged) is over £45,000 per annum.
Will the property be subject to ground rent and / or service charge costs?
Please enter the first half of the property postcode
What is the property value?
An experienced landlord is defined as having 4 or more mortgaged properties, including the subject property
Tell us about the portfolio (excluding the subject property)
Total Combined Monthly Rental income
Outstanding Mortgage and other Secured loan balances
This application would be declined, as the portfolio information you have provided does not meet our requirements for on-going affordability