Virgin Money accept personal income to cover rental shortfall


​Now your landlords can use their personal income to top up any rental shortfall – making buy-to-let more affordable all round.

Article date: 28/09/2018

​How does it work?

Any rental shortfall between 100% and 145%, calculated at an interest rate stress of 5.50%, can now be covered by your landlord’s personal income on non-portfolio landlord applications.

If you declare all your client’s credit commitments, their affordability calculator automatically takes personal income into consideration where the rental income doesn’t meet 145% of the mortgage interest payment and the combined gross income is £50,000 or more.

For full details of our current buy-to-let policy, visit the website or talk to your dedicated Business Development Manager.