TSB has increased maximum LTV for new build Residential and Buy to Let products from 16 November.
Maximum LTV for new build flats and maisonettes is now aligned to maximum LTV for new build houses and bungalows at 85% LTV. Maximum LTV on new build second homes, new build holiday homes and new build Buy to Let properties has also increased from 65% to 75%.
Maximum LTV is subject to credit score and the actual LTV offered may vary.
Here’s a summary of the changes
| Previous Max LTV | New Max LTV | Change | |
| New Build Flats & Maisonettes | 80% | 85% | +5% |
| New Build Buy To Let | 65% | 75% | +10% |
| New Build Second Homes & Holiday Homes | 65% | 75% | +10% |
| New Build Houses & Bungalows | 85% | 85% | N/A |
To find out more about TSB’s lending criteria visit the website.
TSB is helping First Time Buyers and Homemovers by offering lower rates on new build properties for Help to Buy, Shared Equity and Shared Ownership mortgages. See the latest product guide for more information.
