Refreshed resi rates

Loan amounts and LTV limits.

Min loan size
£25,001 (unless otherwise specified)
Capital repayment
£5m up to 85% LTV
£3m up to 90% LTV
£2m up to 95% LTV
Interest only
£1m up to 65% LTV
Part and part*
£1m up to 70% LTV
£750K up to 75% LTV

Remortgages with debt consolidation is limited to 90% LTV

Studio flats: Purchase and Remortgage is limited up to 70% LTV

New build: purchase and remortgage is limited up to 85% LTV

*Noting: Interest only element cannot exceed 50% LTV

Max loan size
See product guide

Applicant.

Min age
21 years

Max age
75 where proof of retirement is supplied

Max number of applicants
2

Min income
£15,000 (primary applicant)

Bank of England base rate (BBR) reversion rate.

BBR reversion rates are variable rates linked to the Bank of England base rate.

BBR reversion rates have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate.

Repayment methods.

Capital repayment
Max up to 95% LTV

Interest only
Max 65% LTV

Part and part
Max 75% LTV, interest only
element cannot exceed 50% LTV

Affordability calculated on the selected repayment method. If an interest only element applies, a suitable repayment vehicle must be in place.

Suitable repayment vehicles

• Sale of the mortgaged property
• Sale of an additional property
• Savings or investments
• Pension

 
The value of the repayment vehicle at application must cover the interest only loan amount (inclusive of fees) at mortgage term end.

Term.

Min
5 years

Max
35 years

Loan amounts and LTV limits.

Min loan size
£25,001
Max loan sizes
Help to Buy Wales (Purchase)
£225,000 up to 75% LTV
Help to Buy England, Wales and Scotland (Remortgage)
£750,000 up to 75%LTV

Applicant.

Min age
21 years

Max age
75 where proof of retirement is supplied

Max number of applicants
2

Min income
£15,000 (primary applicant)

Bank of England base rate (BBR) reversion rate.

BBR reversion rates are variable rates linked to the Bank of England base rate.

BBR reversion rates have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate.

Repayment methods.

Capital and interest only.

Help to Buy eligibility.

Help to Buy purchase (Wales)
Maximum property value
£300,000
Customers will need to provide a minimum 5% deposit from their own resources.

Help to Buy remortgage (England, Scotland, Wales)

We accept applications on the Help to Buy England 2021- 2023, Help to Buy Wales and Help to Buy Scotland shared equity schemes.

For full details of the Help to Buy schemes visit:

• https://www.gov.uk/help-to-buy-equity-loan for England
• https://gov.wales/help-buy-wales for Wales or
• https://www.mygov.scot/help-to-buy for Scotland.

Term.

Min
5 years

Max
35 years

Loan amounts and LTV limits.

Min loan size
£25,001
Max loan sizes
Right to Buy (purchase only)
£750,000 up to 75% LTV

Applicant.

Min age
21 years

Max age
75 where proof of retirement is supplied

Max number of applicants
2

Min income
£15,000 (primary applicant)

Bank of England base rate (BBR) reversion rate.

BBR reversion rates are variable rates linked to the Bank of England base rate.

BBR reversion rates have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate.

Repayment methods.

Capital and interest only.

Right to Buy eligibility.

Available for house purchases in England only, flats are not acceptable.

Products available at both 90% and 100% of the discounted purchase price (plus lender fees) provided the loan doesn’t exceed 75% of the open market value of the property, as determined by one of our panel surveyors.

Only Right to Buy schemes operated by recognised local authorities or housing associations are acceptable. Standard lending criteria applies in addition to the requirements detailed above.

Visit https://www.gov.uk/right-to-buy-buying-yourcouncil-home for more information on eligibility.

Term.

Min
5 years

Max
35 years