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Residential Criteria Guide

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Loan

85% LTV

• Employed
• Self-employed trading >12 months
• New build*
• First-time buyer*
• Existing contractors
• Lending into retirement

* (except where the maximum LTV% for any specific product is lower)

75% LTV

Ex local authority properties
Family Gifted Equity
Applicants with previous bankruptcy and IVA

Maximum loan (varies by LTV)

£600k up to 85% LTV
£750k up to 80% LTV
£1m up to 75% LTV
(above £1m considered on referral)

Minimum term

5 years

Maximum term

35 years

Remortgage

No remortgage within 6 months of purchase. No back to back transactions. Any remortgages under 6 months on a referral basis.

Advice

All applications must be on an advised basis.

Repayment method

Capital and interest repayment only.

Offer validity

90 days. New build offers are valid for 6 months subject to valuation/reinspection.