Do you have clients looking to borrow on a joint borrower, sole proprietor basis? We can help!
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:
- Ltd Company
- Foreign Currency
Postcode restrictions apply. For further information, or to talk through a potential enquiry, please call or email us.
Why choose us?
Newbury Building Society underwrites all cases on an individual basis and does not credit score and we are known for providing a tailored and individual service to Intermediaries. We look forward to helping you soon.