We are pleased to announce we will be instructing full physical valuations (England Only) for pipeline cases and new business from 9am on Tuesday 26th May. This will be done via internal inspections, a full risk assessment will be carried out to ensure the safety of our applicants and surveyors before any physical valuation takes place. We won’t be using AVMs or desktop valuations.
To coincide with this, the changes to our Residential and Buy to let product ranges will also be available from 9am on Tuesday 26th May. (Product guides below).
Due to the on-going effects of COVID-19 all applications will continue to be manually underwritten; however, we will be taking into account the current economic environment which is likely to lead to an increase in questions and/or evidence required.
Summary of the product changes:
- Withdrawal of all 85% LTV products
- Withdrawal of all 80% LTV products across our Buy to let, Limited Company Buy to let, Debt Management Plan and Residential- 6, 12, 18 and 24 ranges
- Withdrawal of all Buy to let purchase products
- Rates increased from 0.15% across all products
