We would like to announce a change to criteria, this change only applies to residential applications on a remortgage basis where additional funds are being raised for consolidation of non-property related debt.

The loan to value is now restricted to 75%, the maximum additional borrowing cannot exceed £50,000 and be no more than 30% of the property value. In addition the maximum debt to income ratio cannot exceed 50% and this advance will only be available on a capital and interest basis.

For any further information, please refer to the Society’s sales team on 01455 894083.