How do lenders stress test rental income?
Buy-to-let lenders check that the expected monthly rent covers the mortgage interest by a set margin — often 125% to 145...
Mortgage guides by Arifa Shakoor
Mortgage adviser
Arifa works with homeowners whose deals are ending, reviewing options early so there is time to decide without pressure.
All guides (3)
What is an early repayment charge, and when does it apply?
An early repayment charge (ERC) is a fee some lenders apply if you repay or leave your mortgage deal before it ends. It...
When should I start looking at a remortgage?
Start around six months before your current deal ends. Many lenders let you secure a new rate that far ahead, which give...