What are your pay rates when stress testing affordability ?
Please see the table below:
PRODUCT RANGE
|
||||
Product type |
Lending requirements |
Stress rate |
Premier
|
Core / Specialist |
|
2 Year Fixed / Tracker |
Product transfer with no additional borrowing |
Payrate |
4.50% |
n/a |
|
2 Year Fixed / Tracker |
Product transfer with additional borrowing |
Payrate + 2% |
5.50% |
5.50% |
|
2 Year Fixed / Tracker |
Like for Like remortgage range |
Payrate |
4.50% |
n/a |
|
2 Year Fixed / Tracker |
New purchases and remortgages not covered above |
Payrate + 2% |
5.50% |
5.50% |
|
5 Year Fixed |
All |
Payrate |
4.50% |
n/a |