The rental yield requirement has reduced to 125% of the mortgage interest payment calculated at BBR + 0.50%.
In addition to the low rental yield calculation the following exclusive products do not have any early repayment charges even during the promotional rates that are available over two and three years.
David Copland marketing director at Pink said: “This is fantastic news as a number of landlords have been struggling recently to cover the mortgage amount with a 130% yield. Whilst the products we have priced at 0.94% and 1.35% above bank base rate, the rental yield calculation is only being based on the bank base rate calculation”.
