Buy-to-Let Portfolio Expansion

Client Profile

An experienced local landlord expanding their rental portfolio with a coastal apartment in Felixstowe.

The Challenge

Passing strict rental stress-testing rules under modern Interest Coverage Ratio (ICR) requirements.

The Figures

• Property Value: £180,000
• Loan Amount: £135,000
• Loan-to-Value (LTV): 75%
• Term: 25 years (Interest-Only)
• Interest Rate: 4.85% (2-Year Fixed Buy-to-Let)
• Expected Monthly Rent: £950
• Monthly Mortgage Payment: £546

The Outcome

JMB approached a specialist portfolio lender that permitted “top-slicing”—meaning the landlord’s surplus personal income could be used to satisfy the stress test shortfall—ensuring an efficient and successful application.