FOR INTERMEDIARY USE ONLY
These results are indicative and are meant to be used as a guide only. Should your client wish to progress this or any other enquiry to DIP, it will be subject to our full lending criteria and underwriter review which could result in a different response to the one provided here. This calculator takes Aldermore’s rental cover stress test (DSCR calculation) into account, which has been updated to reflect our interpretation of the PRAs supervisory statement, 2016. Full details of our affordability calculations and hurdles can be found in our lending criteria.
Please note by changing the loan amount figure you may change the loan to value required, which in turn may change the interest rate charged. Input of the correct stress rate is the sole responsibility of the user and will not be automatically calculated. Not updating all the fields could impact the results of this enquiry and lead to a different affordability decision at DIP stage. If you are going to change any of the figures Aldermore strongly recommends a new calculation is undertaken and you check the stress rate input is correct.
IF YOUR CLIENT FAILS TO KEEP UP PAYMENTS ON THEIR MORTGAGE A "RECEIVER OF RENT" MAY BE APPOINTED AND/OR THEIR RENTAL PROPERTY MAY BE REPOSSESSED