Just a quick summary of some of the positive changes we made yesterday…could you please distribute to your Network and internal teams.
- BTL Top slicing/Income top-up – Available to all UK residents purchasing a BTL property (excluding HMOs/MUFBs) where at least one applicant has a minimum income of £32,000
- BTL Top Slicing/Income top-up Calculator – https://gatehousebank.com/intermediaries/calculators/btl-affordability
- Where Top-slicing is required, a minimum coverage of 110% for Limited Companies and 115% for individuals will be required
You also still have access to the following:
*** Limited Edition Product Free Fee Exclusive *** – we are offering Connect (FCA: 441505) an exclusive for all International BTL and MUFB products. Our current 1.5% Product Fee will not apply to new applications only. This is on a Limited Edition basis and may be withdrawn at any time.
Full details are in the email below and please feel free to let either myself or our Business Development Team at bdteam@gatehousebank.com know if you have any questions.