Our maximum LTV for debt consolidation is changing

From Tuesday 11 December

The maximum LTV for residential cases where your clients are repaying debts will be reduced to 85%

What about cases already submitted?
There’s nothing you need to do for applications at the AIP stage. These will still be processed using the current maximum LTV of 90%, providing a full application is made before the AIP expires. If the AIP expires, we’ll need a new AIP and we’ll apply the maximum LTV of 85% .

Are there any exceptions to this change?
Yes. If your clients are borrowing to repay a secured loan, a Help to Buy loan or a Transfer of Equity where funds will be used to buy out the other party, the maximum LTV will still be 90%. For these type of cases you’ll need to choose ‘Purchase of Interest in Property’ when applying.

Need further help?

Call us on 0345 1200 866*