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Back by popular demand: The return of top slicing

Adrian Moloney

Adrian Moloney – Group Sales Director

Published 07.05.2021

They say that absence makes the heart grow fonder and it’s only when something’s gone that you realise just how much you miss it.

If, like me, you’re a Liverpool FC fan, you’ll certainly know what I mean. After 30 years, the long-awaited return of the league championship title to Anfield last season made me realise just how much it’s been missed.

Which brings me on to the relaunch of our buy to let top slicing proposition. Now I’m not saying its return is quite as momentous as Liverpool’s achievements last season, but I’ve lost count of the number of you who’ve asked me over the past few months when we’d be bringing it back.

Since we launched it back in 2017, top slicing has proved extremely popular with brokers looking for ways to help more of their customers get the buy to let mortgage they need.

In case you’ve missed it and don’t know what all of the fuss is about, top slicing enables customers to use surplus portfolio and/or earned disposable income to prove they can meet any financial stresses on a new loan application, rather than through the rental income of the property alone.

Not only could it give landlords greater choice in the way they manage their properties, helping them to maximise their investment opportunities, it could also help them to achieve greater flexibility around loan size.

Top slicing is available across our entire buy to let range on all eligible personal ownership, limited company, portfolio and HMO applications, and options include:

  • 2 or 5 year fixed rate products
  • Rates from 2.79%
  • Up to 75% LTV
  • Loan sizes between £75k up to £3m
  • No minimum income requirements for loans under £1m

You’ll find it easy to use as it’s fully integrated into our system and guides you step-by-step through the application process before presenting you with product and loan amount options available to your customer at the end. Not only that, you can choose to switch to top slicing if there’s a down valuation on the original application without the need to go through the whole process again.

There’s even a calculator to help you identify how much surplus portfolio and/or earned income is required to achieve the requested loan size if there’s a shortfall.

To find out more about how top slicing could help you to help more of your customers, speak with your local member of our sales team or call our dedicated support service on 0800 116 4385.

The products and/or services featured above are not regulated by the Financial Conduct Authority and the Prudential Regulation Authority.


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