Basic Rate 125%. Limited Companies / LLP 125% Higher Rate 140%. See also Blended ICR Related words: Company, Ltd Co, Limited Liability Partnership, affordability, tax, assessment
Blended ICR
For applications including a combination of Additional Rate/Higher Rate/Basic Rate borrowers, we can apply a Blended ICR to determine loan affordability based upon each borrower’s tax status and their individual share of ownership/rent. Please refer to the affordability calculator held on the Documents page of our website to calculate how much your clients can borrow. …
Assessment Rate
For products where the initial product term is less than 5 years, we will apply the higher of 5.50%; or the initial pay rate + 2.00%. For products 5 year fixed or more, we will apply the initial pay rate. For Lifetime Trackers we will apply the initial pay rate + 2.00% . Related words: …