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Suffolk BS introduces tiered ICR for BTL loans – Mortgage Strategy

Suffolk Building Society has reduced the interest cover ratio (ICR) for basic-rate and nil rate taxpayers on its buy to let and holiday let mortgages. Those in these lower-rate tax bands will now be stress tested against a new 125% ICR assessment. The current 145% ICR on the stress rate will remain in place for
United Kingdom Charlotte Grimshaw Suffolk Building Society Building Society Stress Tests

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