07/05/2008 - Important Criteria changes
We have made the following changes to our lending criteria, these changes take effect from Thursday 8th May 2008:
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Maximum LTV of 75% on all new build properties. |
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Cases where the owner/vendor is not the registered proprietor and has not been so for a minimum period of 12 months are unacceptable. |
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Minimum ownership period of 12 months for remortgages. |
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For Buy to Let mortgages, we do not accept flats or maisonettes built within the last 12 months or being purchased for the first time since conversion. |
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Buy to Let portfolio limit is £2million and up to 5 properties per individual. |
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Sponsors will not be able to be removed from a First Start mortgage unless the LTV is 95% or less. |
To view our lending criteria in full please click here.