All of our mortgages are structured around the amount of money you want to borrow compared with the value of property you are buying. This is referred to as the loan to value (LTV) ratio. It’s the difference between the deposit you have and the property purchase price in percentage terms.
If you’re buying a property worth £100,000 and borrow £75,000 the LTV will be 75%.
- Maximum 4 applicants
- All applicants must reside within the UK and have done so for the last 3 years, with indefinite leave to remain, holding a UK bank account
- All registered owners must be party to the mortgage agreement and vice versa
- At least one applicant must have owned the home in which they reside for the last 12 months; Applications where one applicant has been employed with 2 years’ service and an annual salary of at least £75,000 will be considered
- Applicants must not have any unspent convictions for offences, other than minor traffic offences