Any background BTL’s or rental properties must be self-supporting, and we may ask for evidence of this. We will not take surplus BTL income into consideration in our affordability assessment.
For properties that are not let out/self-supporting, for example Second homes/holiday homes, we will require details of on ongoing costs, for example, maintenance costs, service and utilities, and council tax.
For those with a mortgage, we will apply an additional stress to these to ensure that any increase in the BTL mortgage payment doesn’t result in a shortfall.