We are pleased to announce changes to our mortgage range.
Summary
- Later life product range – the previous £200,000 minimum valuation for RIO mortgages has been removed#
- Holiday let product guide – as residential underwriting applies, the product(s) now revert to our residential SVR rather than the BTLVR
- BTL product range – new fixed rates are detailed
# No specific minimum valuation for RIO cases will be applied, instead we will simply default to the normal residential limit of £75,000. Albeit, within standard policy we always reserve the right to consider each case (and mortgage security) on individual merit.
Properties we would not consider
- Ex-local authority flats or maisonettes
- Apartments/flats in blocks of more than four storey
- Apartments/flats above commercial premises
- Short lease
- Non-standard construction (but modern method of constructions – may be considered)
- Poor condition (valuers comments)
