Lending criteria for loan size & LTV limits for new business
Lending criteria
Loan size and LTV limits for new business
The following loan limits are for new business, excluding new build, which have their own limits.
| Property type | Min/max loan size* | Max LTV |
|---|---|---|
| House/flat | £30k - £5m | 75% |
| House/flat | £50k - £2.6m | 85% |
| House/flat | £50k - £1m | 90% |
| House/flat (excl. Northern Ireland) | £50k - £750k | 95% |
| 5K Deposit Mortgage** House/flat (excl. Northern Ireland) | £95k - £495k | 99% |
*Some products also have a minimum loan requirement, please check this before applying.
**5K Deposit Mortgages (up to 99% LTV):
- First time buyers only (one customer must be a FTB and neither can have any background properties)
- Capital and interest only
- Advised only
- Maximum age of oldest applicant 70 at end of term
- Minimum purchase price £100K
- Maximum purchase price £500K
- Not eligible for Joint borrower sole proprietor (JBSP), Cascade score or Boost LTI