Loan to Value Criteria
The appropriate LTV is determined by the total amount of the mortgage (i.e. existing balance plus amount of Further Advance) expressed as a percentage of the lesser of the property value or purchase price.
Max LTV Table
Product | Max LTV | Details | ||
Property value of < £250,000 | Property value of > £250,000 and < £750,000 | Property value of > £750,000 | ||
First time buyer |
Max 95% |
Max 90% |
Max 80% |
Max LTV is subject to repayment capacity |
Home mover |
Max 95% |
Max 90% |
Max 80% |
|
Switcher |
Max 95% |
Max 90% |
Max 80% |
|
Further advance |
Max 95% |
Max 90% |
Max 80% |
|
New builds |
Max 90% |
Max 90% |
Max 80% |
|
Self-Build |
Max 75% LTV |
|||
1 bed apartments |
Max 80% LTV |
|||
2 bed apartments |
Max 90% LTV |
|||
holiday home / second home |
Max 80% LTV |