As the housing market comes back to life we’ve good news for your clients. From today we’re increasing our maximum LTV to 90% on residential purchase and remortgage products.
And there’s further good news; we’re also returning to the New Build market with lending available up to 85% LTV. And we’ve launched 4 new Help-to-Buy (HTB) products too.
Where possible all new applications will be subject to a physical valuation. But, to ensure the safety of all those concerned, appointments will be reduced and specific guidelines adhered to, which could impact timeframes.
This also means we’re starting to work through our pipeline cases and get physical valuations booked in (where possible). You can check valuation updates through the case tracking portal on MSO.
We can accept applications for properties in Wales. But due to the current restrictions, we’re unable to carry out a physical valuation. This means we’ll process the case as far as we can and place it on hold until we can carry out a valuation.
A return to lending in Northern Ireland is being considered separately.
New residential products
To support the changes, we’ve launched a range of 90% LTV fixed rate products and new 4 new HTB deals at 60% & 75% LTV.
The new deals all come with a paid standard valuation and selected deals have cashback options up to £750 and paid legal fees.
Our new HTB deals are available on either a 2 or 5 year term, with rates starting at 1.93% for a 2 year fix. All come with a paid valuation and cashback options of either £500 or £750.
For clients looking for a 90% LTV deal, rates start at 2.12% for a 2 year deal, or 2.33% for a 5 year term product. And there’s a paid valuation, plus cashback and paid legal fee options