What is your minimum ICR?
Our minimum ICR (Interest Coverage Ratio) for standard loans is 125%
5 year fixed rate products stressed at pay rate
2 year fixed rate and tracker rate products stressed at the greater of either 5.5% or pay rate +2%
5 year remortgage products stressed at the greater of 4.5% or pay rate
2 year like-for-like remortgages products stressed at the greater of 4.5% or pay rate
Standard and AVM products
| Premier Standard | Premier AVM |
Core Standard Core AVM (up to 70% LTV) |
Core AVM (up to 75% LTV) |
|
|
Individual - Basic rate |
125% |
130% |
125% |
130% |
|
Individual - Higher rate |
145% |
145% |
140% |
140% |
|
Limited Company/ LLP |
125% |
130% |
125% |
130% |
HMO/MUFB and Holiday Let products
|
Premier Small HMO |
Specialist HMO/MUFB |
First-time landlord HMO/MUFB |
Holiday lets |
|
|
Individual - Basic rate |
130% |
125% |
135% |
140% |
|
Individual - Higher rate |
145% |
140% |
140% |
140% |
|
Limited Company/ LLP |
130% |
125% |
135% |
125% |