Minimum ICR across the whole portfolio
Our standard acceptability
5.9% stressed at 145%
Criteria definition:
This relates to if we specify a minimum income coverage ratio (ICR) that cannot be exceeded across the customers entire portfolio including both properties mortgaged to us and to other lenders.
Policy Notes:
The Society reduces the stressed rate to 130% for loans up to 65% or 135% for loans up to 70% for £ for £ remortgages. The Society's ICR rate is calculated as follows:
- affordability
- Policy
Last updated:
21 August 2018