Top slicing is also an option, and it refers to cases when you use a combination of rental income and your regular income to cover a buy-to-let mortgage. If your rental income doesn’t cover your mortgage repayments, top-slicing effectively allows you to borrow more, paying the property finance package through a mix of your non-rental income (or salary) and your rental income. Lenders approach top-slicing carefully, and it will not be an option for every borrower. If you want to top slice, how you present your case to lenders is paramount, especially if you are a non-UK resident as lenders will be looking to minimise risk. A broker can help you secure top-slicing and will help explain your situation and motivations to lenders in a way that appeals to them.
Whatever you are looking to buy in the UK and whatever your personal situation, nationality or financial background, Enness will be able to secure you the best rates and terms for your UK buy-to-let mortgage.