Loan terms & limits
- Standard – 75%
- Studio Flat – 75%
- New Build- House 75%, Flat 70%
- Above/Adjacent to Commercial – 75%
- Former Local Authority – House 75%, Flat 70%
- HMO – 75%
- MUFB – 75%
NOTE: Total LTV inclusive of fees cannot exceed 80%
Related words: Loan to value, loan size, loan amount, council
Property Criteria
Positive valuer comments required
Related words: Retail, shop, cafe, restaurant, business
Max. 10 storeys in a block inside M25 (5 elsewhere). Areas with medium / high levels of private ownership.
Related words: Council property, ex-council, social housing
A House in Multiple Occupation (HMO) is a freehold or leasehold property where 3 or more tenants reside forming more than 1 household. Tenants share a lavatory, bathroom or kitchen facilities with other tenants and a HMO licence is required. The Solicitor will be required to ensure all relevant Planning/Change of Use requirements for its proposed use are in place on Completion. Shared Houses considered with rental assessment on a room-by-room basis.
Must need minimal adaption to sell as a family home.
Related words: House in multiple occupation, share, student, property
- Standard – 75%
- Studio Flat – 75%
- New Build- House 75%, Flat 70%
- Above/Adjacent to Commercial – 75%
- Former Local Authority – House 75%, Flat 70%
- HMO – 75%
- MUFB – 75%
NOTE: Total LTV inclusive of fees cannot exceed 80%
Related words: Loan to value, loan size, loan amount, council
All properties less than 10 years old must hold an adequate warranty
Related words: Property development, construction, age
Units with floor area below 30m2 by referral only.
Related words: Footprint, square feet
Standard, Studio Flat, New Build, Above/Adjacent to Commercial, Former Local Authority, HMO – Freehold and Leasehold, MUFB – Freehold Only. Leasehold terms of less than 76 years remaining at application considered at underwriter discretion and are subject to a maximum LTV of 60%. Minimum 51 years remaining at maturity. .
Related words: Short lease, expiry