Rental income required calculator

Please note:

Landlords must have no more than three rental properties on completion of the new The Mortgage Works mortgage, to use the lower rate taxpayer 125% Interest Cover Ratio.

Property or loan details

Is the client applying as a limited company?

Purchase

At completion, will the client have more than 10 mortgaged BTL properties??

Purchase

Mortgage type

Purchase

Error: Please specify a mortgage type.

What’s the application type?

Purchase

What’s the Interest Cover Ratio (ICR)?

BTL High rate tax 145%

What’s the property’s estimated purchase price or valuation?

Error: Property must be valued at £50,000 or more.

What’s the loan required?

Error: For HMO products, the loan amount must not be higher than £750,000.

Error: The loan amount must be between £25,001 and £1,500,000.

Error: Loan required cannot be greater than the purchase price or valuation.

N.B. This communication, and the business activity that it relates to, is for professional

intermediaries only. This communication isn’t for customer use. If you’re not a professional

intermediary, you mustn’t rely upon this communication.

‡ All arrangement fees may be added to the loan. Interest will be charged.

Rental income required amounts may vary by product pay rate. Please check our stress rates and interest cover ratio criteria for more information.

Products are available through TMW Online.