Changes to our loan purpose criteria

From 22 May, the maximum LTV for non-home improvement loans will be 80%.

These changes apply to further advances, remortgages with additional borrowing and capital raising on a mortgage free property. The maximum LTV limit for all other application types remains unchanged.

Any applications with a loan purpose combining home improvements and non-home improvements will also have a maximum LTV of 80%.

For further details, please see the lending criteria on our website, which will be updated from Monday.

Existing applications

If you've submitted an application that has been credit scored, or reserved a product before 22 May then the maximum LTV will remain as 85%.

Please note that all paper applications must reach the service centre by 5pm 27 May to be eligible for the maximum LTV of 85%.

Contact us
For product and lending criteria information call:
0845 601 0763