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Blog Archives
Modern Methods of Construction
31/07/2018
The following modern methods of construction property types and cladding systems will be considered for self build lending, subject to satisfactory insurance and new build warranty, along with a full assessment of the demand and future salability: • Huf Haus • SIPs (structural insulated panels) where the outer skin is masonary, brick, polymer/cement renders or...
Maximum Age
23/08/2017
At least one borrower must be no more than 80 at the end of the mortgage term for residential mortgages. For joint mortgages, the maximum age 80 applies to the youngest borrower. In addition to the checks on income into retirement there is also a requirement for the mortgage to be affordable based only on...
Minimum Age
23/08/2017
18 years – Standard 25 years – Buy to Let 25 years – Self Build
Mortgage terms
23/08/2017
Mortgage types
15/08/2017
Maximum Loan
15/08/2017
As specified in product literature
Minimum Loan
15/08/2017
£25000 (unless otherwise stated on product literature)
Maximum Loan To Value
15/08/2017
As specified in product literature LTV based on the lower of the purchase price or valuation Advances in London are subject to a maximum of 60% LTV