Loan size & LTV limits for product transfers

LTV limits
The maximum permitted LTV following additional lending is 85% LTV and is based on total loan amount (existing borrowing + additional lending). 

Where the total loan amount exceeds £1 million, the maximum is 75% LTV. 

 

Credit repair and eligibility for product transfers

In order to qualify for a prime EBT product, there must be no missed or late payments in the last 24 months payment history.

Mortgage arrears must be less than the value of 1 month's mortgage payment at the time of applying for a transfer and completion of transfer.

Borrowers previously on a credit repair self cert product and who have made all their payments on time and in full within the last 24 months, and can now prove their income, can select a full status prime EBT.

Borrowers previously on a credit repair self cert product and who have made all their payments on time and in full within the last 24 months, and still can't prove their income must select a self cert prime EBT.