News
More second-steppers rely on higher LTV mortgages – Barclays
Over a third (34%) of second-steppers said they feel stuck in their first property because it is too expensive to move.
LTVs
News
Leeds Building Society launches 98% LTV mortgage to support FTBs
The product allows borrowing up to five times household income and is available through Leeds’s intermediary partners.
News
Shawbrook increases maximum commercial bridging LTV to 75%
This gives brokers more flexibility to support clients looking to purchase or refurbish commercial property and access higher funding for a wider range of projects.
News
The Tipton raises maximum LTV for expat residential borrowers to 90%
The lender has introduced a range of new 90% LTV products, including 2-year and 5-year fixed rates as well as a 2-year discount product.
News
Santander UK increases foreign national mortgage LTV to 90%
Applicants with at least one year’s UK residency need a minimum income of £50,000 for single applicants or £75,000 for joint applicants.
News
Gen H launches limited edition rate for large mortgage loans and cuts high LTV rates
All 95% LTV rates have dropped by 0.10%, while all 85% and 90% LTV rates have dropped by 0.05%.
News
West Brom cuts rates on high LTV purchase products
The Society has cut its 2-year fixed rate at 90% LTV to 4.95% with no fee, down from 5.00%.
News
Gen H cuts high LTV mortgage rates by up to 0.20%
2- and 3-year fixed rates at 95% LTV have dropped by 0.20%, while 2- and 3-year fixed rates at 90% and 85% LTV have dropped by 0.10%.
News
Pepper Money cuts mortgage rates and launches new affordability-focused fix
The lender reduced rates by up to 0.80% on Pepper 48 and Pepper 48 Light 2-year fixed products.
Residential Mortgages
Hodge Bank increases LTV limits for remortgages and debt consolidation
The lender now allows debt consolidation up to 90% LTV, up from 85%, and remortgaging up to 95%, up from 90%.
Lead Story
Santander reduces rates on higher LTV fixed and tracker mortgage products
From 22nd May, FTBs will see selected 85% to 95% LTV 2-year fixed rates fall by up to 0.15%, with rates starting from 4.81%, a £999 fee and £250 cashback.
Building Societies
Mansfield BS boosts Credit Repair lending to 75% LTV
The move is designed to support brokers placing cases for clients with adverse credit histories.