Hinckley & Rugby Building Society announce the launch of a buy-to-let five-year fixed rate at 4.99%, designed specifically for limited companies allowing top slicing.

Product features include 4.99% fixed for five years; maximum loan-to-value (LTV): 70% with a completion fee: 5%

With rental income often failing to meet minimum affordability criteria, particularly given recent economic pressures, Hinckley & Rugby’s top-slicing allows landlords to use personal disposable income to bridge any rental income shortfalls.

The lender takes into account the landlord’s wider financial picture—including earnings from other properties, investments, and business interests—to ‘top up’ the rental income and meet the mortgage affordability requirements.

Commenting Hinckley & Rugby head of mortgage sales Laura Sneddon said: “Top-slicing is a flexible tool that helps incorporated landlords overcome the affordability hurdles presented by today’s challenging buy-to-let market.

She added:“By factoring in a landlord’s overall income, we are providing a cushion that supports both the borrower and lender in feeling secure about the mortgage.”