BM Solutions has made changes to its affordability calculations for buy-to-let.

The lender has removed the minimum income requirement of £25,000 per annum for all applications; however, income will still need to be supplied as part of the application process.

Rental calculation will now be based on 125% of the mortgage interest at a notional rate of 5%, or 125% of the mortgage interest at initial product pay rate, whichever is higher.

For example: for a two-year fixed at 4.74%, the rental calculation will be based on 125% of 5.00% (notional rate). For a two-year fixed at 5.09%, the rental calculation will be based on 125% of 5.09% (initial product pay rate).