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.
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%.
For product and lending criteria information call:
0845 601 0763