LENDING CRITERIA

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If fees are elected to be added to the loan, completion and electronic transfer fees will be deducted from the funds advanced on completion, unless the customer has positively elected to add the fees to the mortgage amount.

The value of the funds advanced to the customer will be subject to the maximum LTV threshold for the relevant product plus fees where applicable. 

Accepted on all schemes and is defined as a customer who has not previously owned a property with or without a mortgage on that property.

Accepted subject to Valuers comments

LTV's available up to scheme limits. High rise flats must have a lift if over 4 floors (ground floor + 3 floors). No lift is required if the flat is on one of the first three floors above ground, irrespective of the number of floors in the block.

High quality flats over 10 storeys (maximum 20) can be referred for consideration based on valuer’s comments on mortgageability & saleability

Flats situated above or immediately adjacent to commercial premises: Up to 75% LTV
Flats situated above or immediately adjacent to restaurants/takeaways/launderettes: Up to 60% LTV

Free Valuations are available on all HTB products