Minimum ICR across the whole portfolio
Our standard acceptability
5.9% stressed at 145%
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.
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:
21 August 2018