Balancing your rental income with your various property expenses can be easier said than done. But it's essential so you know where you stand each month.
This landlords budget planner will help give you an idea of the maximum interest rate your property or portfolio could sustain based on your current rent and costs. This 'stress test' requires you to identify the income and outgoings associated with your investment property and will help you identify when any changes in the interest rate may cause you issues in the future.
The calculations are based on an 'interest only' mortgage. If you have a Repayment mortgage you will need to factor in the additional capital that you have committed to paying off your mortgage each month.