Non-new build properties
The following table shows the maximum amount we can loan by LTV and property type for non-new build properties:
| LTV | Houses | Flats |
|---|---|---|
| 95% | ≤£700K* | ≤£500K* |
| 90% | ≤800K | ≤£500K |
| 85% | ≤£1M | ≤£1M |
| 80% | ≤£1M | ≤£1M |
| 70% | ≤£1M | ≤£1M |
*Lending to 95% LTV is allowable where the application meets additional criteria (see 95% LTV criteria).
New build properties
The following table shows the maximum amount we can loan by LTV and property type for new build properties:
| LTV | New Build Houses | New Build Flats |
|---|---|---|
| 95% | - | - |
| 90% | ≤£500K* | - |
| 85% | ≤£500K | ≤£500K** |
| 80% | ≤£1M | ≤£1M |
| 70% | ≤£1M | ≤£1M |
*90% new build houses are subject to the following additional restrictions:
- At least one applicant must have permanent rights of residence in the UK(See Foreign Nationals)
- All applicants having no missed payments on credit in the last 6 months and at least 50% of the combined owners income being from permanent employed income (see 90% New Build LTV Criteria)
**85% new build flats are subject to the following additional restrictions:
- At least one applicant must have permanent rights of residence in the UK(See Foreign Nationals)
Remortgages
LTV is limited to 90% for all remortgages. Further limits apply to remortgages with additional borrowing.