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Video: Lenders considering excess portfolio income when top-slicing – 3MC

  • 30/09/2019
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Video: Lenders considering excess portfolio income when top-slicing – 3MC
Lenders are beginning to expand their use of top-slicing to include excess rental income, according to Doug Hall, director of 3MC.


Speaking on Mortgage Solutions Television in association with BM Solutions, Hall noted the change was a welcome and interesting development to the market.

Discussing product evolution in buy-to-let, Hall said: “We’re starting to see a bit more on the top-slicing, and how lenders interpret top-slicing.”

He added that the majority of lenders that use top-slicing in buy-to-let products tend to work on the investor’s personal background income, but this was changing.

“We’re starting to see a little bit of movement where they are considering using the surplus income within the portfolio itself, as opposed to the declared. So that’s quite interesting.”

Phil Rickards, head of BM Solutions, noted that the raft of regulatory change had prevented lenders from being as innovative as they possibly could be.



The panel comprised:

Victoria Hartley, group editor, Mortgage Solutions

Phil Rickards, head of BM Solutions

Andrew Montlake, managing director, Coreco

Doug Hall, director, 3mc


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