Effective Tuesday 25th July, we’re changing our Buy to Let stress rates as follows within our Decision in Principle (DIP) and Full Mortgage Application (FMA):
- 2 year fixed – increase stress rate from 8.1% to 8.6%
- 5 year fixed – increase stress rate from 6.89% to 7%
- Like for Like Remortgage – increase from 7.54% to 8.21%
Our Buy to Let Hub and calculators have been updated to reflect this.
Transitional Arrangements
Any DIP or FMA submitted before 25th July will have the previous values applied, as they were at the original submission. For example, a DIP completed before 25th July will have the 8.1% stress rate, with the new stress rate of 8.6% being used from 25th July onwards.