What is your minimum ICR?

Our minimum ICR (Interest Coverage Ratio) for standard loans is 125%.

 

ICR rules for 2 year fixed rate and tracker rate products stressed at 5.50%:

 

 

 

Individual

Individuals

 

140%

HMO/MUFB

 

140%

First Time Landlord/Buyer

 

140%

Above/Adjacent Commercial

 

140%

Limited Company/ LLP

125%

125%

125%

125%

 

ICR rules for 5 year fixed rate products stressed at pay rate:

 

 

 

Individual

Standard

 

140%

HMO/MUFB

 

140%

First Time Landlord/Buyer

 

140%

Above/Adjacent Commercial

 

140%

Limited Company/ LLP

125%

130%

135%

130%