A standard buy-to-let is usually assessed on the property and the rent it can achieve, with a stress rate and your income-tax band taken into account. Contracting income still has to be readable. Personal-name lending and a limited company purchase are different mortgages and a different tax question — the tax question is for your accountant.
- Purchase, remortgage and raising capital
- Rent cover and stress rate explained before you offer
- Personal name compared with a company, where that is the real question
- Some buy-to-let mortgages are not regulated by the FCA