More improvements for you and your clients

05 August 2019

We're a lender who works hard for our intermediary partners. So we're pleased to announce that we're bringing you even more options for your clients.

Increase to maximum LTV

You've told us that your clients sometimes need to borrow more on higher value properties. So we've increased the maximum LTV on residential properties between £500,000 and £750,000 to 85%, from 80%.

Good news for Shared Ownership

Our Shared Ownership products are now available up to 95% of the share purchased on houses and flats, including new build. Meaning a minimum of just 5% deposit is required from the customer's own funds, helping more first-time buyers get on the property ladder.

We have also extended the availability of our Shared Ownership range to Wales.

Our new 95% LTV rates are available across 2, 3 and 5 Year Fixed terms and start from only 3.49% with £300 cashback.

For more information on our current rates view our Mortgage Update.

Valuation fees

We have also improved our valuation fee scale by removing the £3m maximum property value cap. We now offer a free basic valuation for all property values on remortgages.

As part of these changes we will no longer offer the option for clients to select a HomeBuyer Report or Building Survey. Your clients can still instruct a separate survey to provide them with a more detailed assessment of the condition of the property. More information about how your client can instruct their own survey can be found in our Lending Policy.

Additional Information - End dates remain at 1 November of the relevant year.

For full details of our current lending policy download our A-Z Lending Policy App, and get instant easy access to our policy on the go.

Print full article
Back to News