Newbury launches BTL affordability calculator


Newbury Building Society has launched a buy-to-let affordability calculator which works with the new stress rate and takes into account top-slicing.

The Society’s standard buy-to-let calculation uses rental coverage of 135 per cent at an interest rate of 5.5 per cent, down from 5.99 per cent.

It can also consider other income to support the application.

Newbury Building Society lending manager Roger Knight says: “Our buy-to-let calculator quickly informs the broker if their client is suitable or not.

“It will also help with top-slicing calculations for not only standard buy-to-let, but can also help with any regulated, consumer, ex-pat and limited company applications.”




Newbury BS added to Mortgage Intelligence panel

Newbury Building Society has been appointed to the Mortgage Intelligence  panel of lenders for Network and Club members. Mortgage Intelligence managing director Sally Larker says the building society was chosen for their individual underwriting approach and lending criteria, which “offers advisers flexibility to assist their clients.” Newbury Building Society lending manager Roger Knight says: “With this […]


News and expert analysis straight to your inbox

Sign up