Further information on our new ICR, plus changes to HMO criteria

We recently emailed you about the reduction to our Interest Cover Ratio on BTL mortgages for lower rate tax payers, with effect from Wednesday 17 May.

Take a look at our new TMW affordability guide for full details of the changes we're making.

Additionally, we're making the following criteria changes to Houses in Multiple Occupation (HMO) applications:

  • The maximum loan for HMOs is increasing from £500k to £750k
  • The HMO ICR is increasing from 150% to 170%
  • For HMO applications only, landlord experience required is 2 years as a standard BTL landlord or 1 year as a HMO BTL landlord

To make these changes TMW Online will be unavailable from 8pm Tuesday 16 May until 8am Wednesday 17 May.


Full Mortgage Applications must be submitted by 8:00pm on Tuesday 16 May 2017. Paper applications must be posted with a postmark no later than Tuesday 16 May 2017.