Property Types
23/08/2017
The following types of property are acceptable as security:
- Properties in England and Wales only
- Property with a minimum valuation of £90,000
- Leasehold with minimum remaining term on the lease of 85 years at the end of the mortgage term
- Property in shared ownership
- Owner occupied private dwelling
Acceptable Security Types
Houses:
- Detached/semi-detached/terraced/townhouse/bungalow built of traditional construction, i.e. brick or stone walls and tiled or slated roof
- New build houses subject to maximum LTV of 90%
- Leasehold with minimum remaining term on the lease of 85 years at the end of the mortgage term
- Flat roofed properties will be considered although for older properties the valuer’s comments will be specifically sought
- Properties with agricultural or equestrian ties may be considered by referral up to a maximum of 65% LTV
Flats/Maisonettes:
- Purpose built leasehold flats or maisonettes
- No balcony access
- Leasehold with minimum remaining term on the lease of 85 years at the end of the mortgage term
- New-build leasehold flats subject to a maximum LTV of 60%
- Flats in converted houses may be acceptable if the conversion has been done to a professional standard. Such mortgages would be subject to initial referral for consideration
- No Ex Local Authority
New build acceptable warranty:
- NHBC
- BLP Secure
- Premier Guarantee
- Buildzone
- Q Policy
- Protek
- Castle 10
- ICW
- LABC
- One Guarantee
- Ark Insurance Group Limited