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