Property Types

• 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:
  • Purpose built leasehold flats or maisonettes
  • Maximum 4 storeys and 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
  • Ex local authority flats will only be considered with a maximum of 4 storeys, no more than 12 flats in the block, no balcony access, not in London and in an area where the number transferred into private ownership is more than 40%
• New build acceptable warranty:
  • NHBC
  • BLP Secure
  • Premier Guarantee
  • Buildzone
  • Q Policy
  • Protek
  • Castle 10
  • ICW
  • LABC
  • One Guarantee
  • Ark Insurance Group Limited
  • Advantage HCI