We understand and appreciate that clients with larger loans requests are important to your business and as such they are equally as important to us. We are constantly striving to improve our large loan policy and to this end I have summarised the highlights of our proposition below, however as always we would be eager to discuss any specific enquiry you may have.
- We can lend up to £2 million at 80% LTV, either on full C&I or with a maximum of 75% on interest only, with the remainder on C&I;
- Products are available for loans of up to £5 million;
- We consider non standard income streams and more complex income structures;
- Strong interest only proposition, including:
- Minimum loan of £80,000;
- Minimum property value of £400,000;
- Minimum income required of either £75,000 sole or £100,000 joint;
- Term available up to either age 70 or retirement, whichever comes first. With a maximum possible term of 25 years;
- Interest only lending available at 75% LTV up to a maximum loan of £2 million;
- Downsizing possible with a minimum equity requirement of £300,000. (If not available at the outset, a portion of the loan can be on C&I to allow the equity at the end of the term).
Beyond that we can also offer:
- Dedicated £1 million plus underwriter referral line, allowing you to pre discuss your enquiry with a senior underwriter (0113 807 2100);
- Dedicated and experienced large loan processing team for when your application has been submitted;
- No cap on procuration fee.
Please refer to the following for LTV maximum loans:
