TOP SLICING
Sometimes affordability needs a little extra support.
At ModaMortgages, we believe affordability should be straightforward. But that doesn’t mean every case has to fit into the same box.
That’s where top slicing can help.
Sometimes a case can be close to meeting affordability requirements, without quite getting over the line on rental income alone. Top slicing gives eligible borrowers another way to support affordability, helping you place more cases that might otherwise fall short.
- Available across all buy to let products, including limited company applications
- Helps support affordability where rental income alone doesn’t meet the ICR
- Available to prime borrowers
- Available on interest only mortgages
- Can be used when the property achieves a minimum ICR of 110% at pay rate
Whether your client is employed, self-employed or receiving pension income, top slicing could help turn a near-miss into a case that works.
It’s all part of our back-to-basics approach. Straightforward criteria, practical solutions and no unnecessary complexity.