I want to remortgage my BTL to release £80k for a new deposit. What LTV am I likely to get from mainstream lenders now, given rising rates, and will they factor in my current property's rental income for affordability?
Quick Answer
Mainstream lenders typically offer up to 75% LTV on BTL remortgages. They will assess affordability using a rental stress test, meaning your property's rental income must cover 125% of the mortgage payment at a notional interest rate, often around 5.5%. Your personal income isn't usually a primary factor unless the rental coverage is borderline.
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