Helping more of your remortgage clients – capital raising going up to 90% LTV

On Tuesday 28 October, we’re increasing the maximum LTV from 85% to 90% for remortgages with capital raising. This gives greater flexibility for your clients looking to release equity for home improvements, large purchases or other personal goals.

Important: Where any element of capital raising is for debt consolidation, the maximum LTV will stay at 85%.

We’ve also improved our debt to income lending policy. Check if we could lend the amount your client needs by getting an AIP as it’s a soft credit check. Speak to your dedicated contact for more details.

Pipeline rules 

• All full mortgage applications (FMAs) submitted by 10pm on Monday 27 October won’t be affected by these changes. 
• Any FMAs submitted from 6am on Tuesday 28 October will be assessed using our new lending policy.
• If a material change is made to an existing application from 6am on Tuesday 28 October, the case will be reassessed using our new lending policy.

Further support
We’re updating our affordability calculator and lending criteria on our website to reflect this change on Tuesday 28 October.