With effect from 5.30pm today, Wednesday 18 November 2020, customers on/or have been recently furloughed or had any associated Covid-19 related deductions from their salary/income will not be accepted over 70% LTV. For self-employed this includes any SEISS grants received in the last 6 months.
To be considered for LTVs above 70%, customers need to be back at work for 3 months without Covid-19 related reductions.
So what does this mean?
To make sure your customer secures the current product, the case must be at AIP accept status by 5.30pm today, Wednesday 18 November 2020.
Any cases outside of these timeframes will not be accepted.
Contact us
Our BDM Team are here and available to help with new and existing case queries, packaging requirements and affordability assessments. Please get in touch with your BDM or call our Broker helpdesk on 0203 427 1019.
Find your nearest BDM here.