Below is the latest update from the Gatehouse Bank. For further details visit their website here.. You can access Gatehouse Banks products via Brilliant Solutions. Contact us for more information.
Gatehouse Bank – BTL Top Slicing/Income top-up
Just a quick summary of some of the positive changes we made yesterday…could you please distribute across your teams and accounts?
- BTL Top slicing/Income top-up – Available to all UK residents purchasing a BTL property (excluding HMOs/MUFBs) where at least one applicant has a minimum income of £32,000
- BTL Top Slicing/Income top-up Calculator – https://gatehousebank.com/intermediaries/calculators/btl-affordability
- Where Top-slicing is required, a minimum coverage of 110% for Limited Companies and 115% for individuals will be required