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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

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.

Lending limits  
95% to £500k
85% to £1m
80% to £2m

Adding the product fee will not affect the LTV limit provided total borrowing including fee does not exceed 95% LTV.

Lending Limits

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)
85%
Unencumbered (Mortgage Free) 85%
Transfer of Equity with Additional Borrowing 85%
Transfer of Mortgaged Property (TOMP) N/A
Interest Only 75%
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)
85%
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%