Nov
30
0

PRA may look for Banks to increase Stress testing to 167% for Higher rate Landlords

Author admin    Category Uncategorized     Tags

The PRA has highlighted to lenders that section 24 rental income tax changes have made BTL investments more expensive for high rate taxpayers and lenders are not fully accounting for this when assessing affordability.

Banks routinely look for a minimum stress testing or Interest Cover Rate (ICR) of 125% calculated against monthly interest at a notional rate.

The post PRA may look for Banks to increase Stress testing to 167% for Higher rate Landlords appeared first on Property118.

View Full Article: PRA may look for Banks to increase Stress testing to 167% for Higher rate Landlords

Post comment

Categories

Archives

Calendar

December 2025
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
293031  

Recent Posts

Quick Search

agents calculating tax on property rentals deposit loans furnished property rental HMO landlord fire safety Landlord property protection landlord responsibilities letting agreement letting agreement inventory letting links letting rental letting rental inventory letting rental property loans for deposit perfect property rental preparing rental properties property inventory checklist property letting property portals property rental property rental checklist property rental credit check property rental insurance property rental inventory property rental loans property rental pricing property rental protection property rental questions property rental reference property rentals property rental tax Rental deposits rental home rental property rental property fire hazards rental unit repairs tax on property rentals tenancy agreements Tenancy deposit Tenancy Deposit Scheme tenant insurance tenant renting a flat tenant rights

RSS More from Letting Links

Facebook Fan Page