Please note where any applicant is self-employed these applications will be limited to 90% LTV.
Our high LTV mortgages are designed to help more of your clients take their first step onto the property ladder or buy their next home. Plus, they all come with:
a free standard valuation for mortgage purposes
£250 cashback (paid to the conveyancer on completion). Early repayment charges apply.
My First Mortgage
First time buyers only.
Minimum deposit of £10,000.
Your client could borrow between £190,001 and £500,000.
For LTVs over 95% and up to 98%.
Maximum term 40 years.
Maximum 4.45x loan to income.
Not available for flats, new build homes, Shared Ownership, private sales, self-employed, special housing schemes, properties in Northern Ireland and properties that are uninhabitable or have a restriction on title.
For a joint mortgage, both clients must be a first time buyer.
Gifted deposits may be accepted. See our gifted deposit lending criteria for more details.
Loans not accepted as a deposit source.
Please use our affordability calculator to see how much your clients may be able to borrow.
- 3 months’ personal bank statements for all applicants.
- Latest monthly payslip or if paid more often than monthly, last 4 weeks' payslips needed for all employed clients.
- Proof of deposit for all applications. Take a look at the evidence requirements section in our mortgage lending criteria for acceptable proof of deposit.
95% LTV mortgages
First time buyers and home movers.
Maximum purchase price or value is £600,000 for houses.
Maximum loan size £570,000 for houses.
Maximum purchase price or value is £400,000 for flats.
Maximum loan size £380,000 for flats.
We lend up to 95% LTV on new build houses and flats (max 90% LTV for Shared Ownership), this includes Octopus Zero Bills new build homes.
Maximum term 40 years.
No other properties can be owned on completion of the mortgage.
The property must be owner-occupied.
Please use our affordability calculator to see how much your clients may be able to borrow.
- 3 months’ personal bank statements for all applicants.
- Latest monthly payslip or if paid more often than monthly, last 4 weeks' payslips needed for all employed clients.
Borrowing over 90% LTV
Take a look at our factsheet if your client is borrowing more than 90% LTV.
Please note where any applicant is self-employed these applications will be limited to 90% LTV.
Gifted deposits
It can be difficult for clients to get onto the property ladder without some help from family and friends. A gifted deposit might help your clients put down a larger deposit so they can buy their dream home or access lower interest rates. Our criteria is simple.
- Gifted deposits accepted at any LTV.
- The person providing the gift doesn't have to be a family member.
- The person providing the gift can't plan to live in your client's new home.
- If the deposit is coming from the seller, it must be through an acceptable new build incentive from the builder or developer.
- The gift shouldn't be repayable to the person giving the gift.
Where a gifted deposit is used, please give us the following details in the application:
- Title and full name of person(s) providing the gift.
- Relationship to client.
- Occupation of the person providing the gift.
- Gift amount.
- How has the giftor generated the funds?
- Country of origin.
- Confirmation that the gift is non-repayable.
- Confirmation that the person(s) providing the gift:
- isn't the present owner of the property being purchased, and
- won't be living in the property on or after completion, and
- won't retain any legal interest in the property being purchased (including taking a second charge).
For gifted deposit applications where the funds are received from abroad, there are some additional requirements we may ask for to evidence the proof of deposit.