We’ve listened to feedback and even better, we’ve acted on it.
What’s changed in our new build policy?
- We’ve increased the allowance of builders incentives from 2.5% up to 5% which isn’t deductible from the valuation figure of purchase price.
This enhancement is available across all our products with immediate effect.
Interested in finding out more? Give your local BDM a call
Jon Matthews, head of property risk, shares his insight into our latest enhancement:
“We have further enhanced our new build policy relating to incentives which better aligns us to the wider market.
We will now allow cash incentives of 5% which are no longer required to be deducted from the purchase price or valuation which is another example of how Hodge strives to evolve its property criteria to say yes to more of your customers.”
Business development director, Emma Graham gives her thoughts on the change to our new build policy:
“Enhancing our criteria around new build incentives gives us more of a right to play in this area of the market with a maximum LTV of up to 90%, up to 6 x LTI, the acceptance of 1 years accounts and 100% of all validated incomes and the willingness to consider mortgage offer extensions for new build properties across England, Scotland and Wales.”
To find out more speak to your local Hodge business development manager
To read about our other enhancements and latest news, visit our knowledge hub
https://hodgebank.co.uk/intermediaries/the-hodge-knowledge-hub/