What's the updated minimum rental income required to pass HSBC's buy-to-let affordability checks after this stress rate reduction?
Quick Answer
HSBC's updated stress rates affect the minimum rental income requirements for BTL affordability. While specific rates are proprietary, BTL lenders commonly use a minimum of 125% rental coverage at a notional interest rate, typically 5.5%, to assess affordability.
About This Topic
HSBC's BTL stress rate adjustments impact rental income requirements. Learn how the 125% rental coverage at 5.5% notional rate affects your BTL affordability calculations.
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