Clydesdale Bank has revised its buy-to-let affordability criteria, updating its calculations to potentially increase the amount it is prepared to lend to applicants.
The changes allow personal income to be considered as part of the affordability assessment, which may support clients who do not meet rental income thresholds on their own.
A spokesperson for Clydesdale Bank said: “We’ve improved our calculations to boost the amount we could lend to applicants. An affordability assessment that uses personal income could be a great route to help your clients get what they want.”
The lender confirmed that the revised assessment method is now in effect and available to intermediaries submitting new applications.
