17 April 2020
To help us support more customers with a wider product range, we have increased the use of desktop valuations. We can now offer selected purchase products and have expanded our LTVs across our residential remortgage range and BTL products.
Summary of new deals
Our Core range has been extended to include the following products available for properties valued between £80,000 - £500,000:
Some restrictions apply to the types of lending we are currently able to offer, for example we are currently unable to accept New Build applications.
Additional information
We’ve had to make some temporary changes to our lending policy which unfortunately means that we are currently unable to accept the following:
Self-employed customers will also need to provide their last 3 months business bank statements to evidence continued turnover.
The changes to our affordability policy do not impact applications received before Friday 17th April 2020, which will continue to be assessed on a case by case basis.
If you have any questions or need further information on these changes please contact your dedicated BDM.
Service update
Due to the impact of COVID-19 we are focussing our resources on providing crucial services to customers during these difficult times, therefore our 10-day Application to Offer Service Commitment has been paused. We are working hard to progress cases in our pipeline and support our existing customers and remain committed to getting offers to your customers as soon as we can.
For full details of our current range, please view our Mortgage Update.