Top Slicing enables customers who have a shortfall in their required lending to use a proportion of their earned income when the rental income for the BTL property is not sufficient to meet the lender’s standard rental cover ratio (RCR) calculation. Not all lenders allow top-slicing, and you may need a minimum annual income greater than £25,000.
Generally, you will need a minimum income level of £25,000 per annum. However, if you are an existing landlord, there is no minimum income level. If you don’t earn £25,000 and want to buy your first BTL property, there are some exceptions to this rule, and it may still be possible if your income is above £15,000 per annum.