Buy-to-let policy
Top slicing uses a customer’s spare personal income to boost their borrowing amount, by allowing a lower ICR than we may otherwise allow.
We consider top slicing for non-portfolio landlords up to 75% LTV where the term finishes before the 76th birthday.
Top slicing requires a minimum combined personal income of £50,000 (excluding income received from BTL properties).
Top slicing using personal income can be considered if rental income meets a minimum of 100% at the higher of 5.5% or pay rate + 2%.