We’ve increased the maximum LTV for Remortgage applications with additional borrowing (excluding Unsecured Debt Consolidation) to 90% – If any element of the Remortgage is for debt consolidation, the maximum LTV remains at 80%.

What you need to know:

• To support customers who are looking to release capital from their home (subject to current criteria), we are returning our maximum LTV back to 90% (up from 80%)
• However, if any element of the loan request is to consolidate Debts (as per below) then the maximum LTV remains at 80%
• Its key to note that Shared Equity & Ownership staircasing requests are NOT considered as debt consolidation and can be offered up to 90% LTV. – This includes HTB Remortgaging
• If, following the property valuation the LTV exceeds 80% and debt consolidation has been requested, the loan amount will need to be reduced to return below 80% LTV.