LTV & Lending limits
The table below provides the Loan to Value (LTV) Limits for mortgage applications
Lending limits stated in our criteria guides are subject to the availability of suitable products at any given time and the ability to undertake either an Automated or Desktop Valuation. You’ll find the most up-to-date, useful information regarding our current products in the latest product guide.
Adding the product fee will not affect the LTV limit provided total borrowing including fee does not exceed 95% LTV.
The lending limits stated below are subject to the availability of a suitable available product at any given time.
|Loan Type||Max LTV|
|Houses and bungalows purchase||95%|
|Flats and Maisonettes Purchase||85%|
|Remortgages without Additional Borrowing
(Clients must have owned property for at least 6 months)
|Unencumbered (Mortgage Free)||85%|
|Transfer of Equity with Additional Borrowing||85%|
|Transfer of Mortgaged Property (TOMP)||N/A|
|Buy to Let||75%|
|Second Homes/Holiday Homes||75%|
|New Build - Buy to Lets/Second Homes/Holiday Homes||65%|
|Shared Ownership - LTV restriction is based on the value of the share of the property the applicant is buying/will own (not the full market value of the whole property).||90%|
|Shared Equity - LTV restriction is based on the full market value of the property. The customer must provide a minimum personal deposit of 5% of the full purchase price||90%|
|Remortgages with additional borrowing/capital raising
(Clients must have owned property for at least 6 months. Maximum LTV subject to credit score)
|New Builds - Houses and Bungalows||85%|
|New Builds - Flats and Maisonettes (purpose built and converted)||80%|
|Non UK and Irish Nationals (with permanent rights to reside in the UK)||95%|