We're expanding our criteria for new-build flats and houses

Enhancements to our new-build lending criteria

We're pleased to announce a number of enhancements to our lending criteria, providing greater flexibility for your clients.

These changes broaden the range of properties we can consider and provide greater flexibility for borrowers purchasing new-build flats and houses.

Our updated criteria includes:

• We now lend on flats in blocks of up to ten storeys
• New-build flats and maisonettes accepted up to 80% LTV
• New-build houses accepted up to 90% LTV
• Builder incentives accepted up to 5% of the purchase price or valuation (whichever is lower), subject to normal valuation and legal checks
• Flats over four storeys considered subject to satisfactory valuation, applicable EWS1 requirements and lift access where appropriate

These changes reflect current lending practice and support a wider range of purchase and remortgage opportunities, particularly for first-time buyers and those purchasing new-build properties.

Our team of BDMs cover the whole of the UK, and are all ready to answer your queries and guide you through the application process.

Thank you for your continued support.