THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY

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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 70 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 80%
    • Leasehold with minimum remaining term on the lease of 70 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 70 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