LTV
Loan to Value
|
Buy To Let - Loan Type
|
Credit Score – A1/A2 |
Credit Score – A3 |
Credit Score – A4
|
|
Buy to Let (including Business Buy to Let and Consumer Buy to Let) - LTV restrictions apply to all application types on a Buy to Let with the exception of New Build flats/maisonettes which will be restricted to 75% LTV. |
80%* |
75% |
65% |
|
New Build - Buy to Let Houses and Bungalows |
80%* |
75% |
65% |
|
New Build - Buy To Let Flats and Maisonettes (purpose built and converted) |
75% |
75% |
65% |
|
Interest Only |
80%* |
75% |
65% |
|
Additional Borrowing |
75% |
75% |
65% |
*80% LTV is a hard stop, so loan plus fees can’t exceed 80%.
- For affordability, when determining the minimum and maximum loan amount, the product fee will be added to the loan for every application.
- Fees cannot be added to the mortgage, if this will result in the LTV exceeding 80% .
- A Rate Switch with no additional borrowing is available up to 120% LTV.
- For product LTVs please see the latest Product Guide.