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Blog Archives

Help to Buy

15/01/2020

Considered in England and Wales First Time Buyers only for new purchases Maximum 75% LTV (55% in London) for purchase and remortgage Maximum purchase price £600k (£300k in Wales) Repayment only – maximum term of 40 years Freehold property only Authority to Proceed (ATP) must have been granted by Help to Buy agent on application...

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Holiday Let

23/08/2017

Gross rental income must cover the mortgage payment (calculated at the Society’s BTL stressed rate on an interest only basis) by a minimum of 130%. For the purpose of HBTL, gross rental income shall be; In the case of an existing holiday let (purchase or remortgage), a minimum of one year’s gross rental income verified...

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