Increased maximum loan to exclusive New Build products

16th December 2016

With effect from today, we’re pleased to advise that we have increased the maximum loan size on the following exclusive residential purchase new build mortgage products for your clients:

• 3 year fixed to 80% LTV at 2.49%
• 3 year fixed to 85% LTV at 2.59%

With immediate effect the maximum loan size on these products has been increased from £500,000 to £750,000.

Both of these products are available for loan amounts over £80,000 with no arrangement fee and a free valuation.

Here's a quick reminder of the key features of our new build mortgages range:

• Mortgage offer valid for 180 days
• Agreement in Principle online for residential capital and interest applications - discover your client's borrowing potential in minutes
• Maximum LTV for residential new build flats is 80% and for new build houses 90%
• Maximum LTV for BTL new build flats is 70% and for new build houses 75%
• Competitive range of products up to 90% LTV
• Fee offers available - £0 arrangement fee on selected products
• Builder incentives considered on a case by case basis, e.g. stamp duty, legal fees

For more information on our products or how we may be able to assist your clients, please contact your Relationship Manager