Examples of Higher Rate in a sentence
Work at a Higher Rate: If a food service worker is required by the “Charge of the Hill” to work in a cooks position, that employee will be compensated at the employee’s regular rate unless the rate of the position assigned is higher, in which case the employee receives the higher rate, step for step, for actual hours worked in that position.
Section 2bPlease complete this section if you receive the Higher Rate of the Mobility Component of Disability Living Allowance (HRMCDLA).
We need to be satisfied that the existing mortgages will be converted to a permanent letting agreement and we require:• Consent to let confirmation, in writing, from the existing lender or a copy of the LTB re-mortgage offer from the new lender.• Rental coverage of 130% (Basic Rate Tax Payers) or 165% (Higher Rate Tax Payers) of the mortgage commitment (based on a notional 5.5% interest rate).
If the rental coverage is less than 130% (Basic Rate Tax Payers) or 165% (Higher Rate Tax Payers), any shortfall will be taken into account in the affordability calculation.o Proof of rental income and mortgage payment/s on the most recent bank statement/s.o Consent to let will be required or proof the mortgage is on a BTL basis (BTL mortgage statement).
If the rental coverage is less than 130% (Basic Rate Tax Payers) or 165% (Higher Rate Tax Payers), any shortfall will be annualised and deducted from income before applying our income multiples to new residential mortgages.