From today, Wednesday 29 April, we’re lowering the minimum property value across both our Owner Occupier and Buy to Let products.
Minimum property value: now from £75,000*
(*Minimum property values vary by product)
Reduced from £120,000, this change gives your clients more choice, supporting buyers and landlords purchasing lower value properties, particularly in areas where property prices typically fall below £120,000.
Updated criteria
Standard Owner Occupier & Buy to Let (BTL):
- Minimum property value: £75,000 (was £120,000)
- Minimum loan amount: £45,000 (no change).
Family Mortgage:
- Minimum property value: £75,000 (was £120,000)
- Minimum loan amount: £60,000 (was £96,000).
Find out more about our Family Mortgage
RIO (Retirement Interest-Only):
- Minimum property value: £90,000 (was £120,000)
- Minimum loan amount: £45,000 (no change).
Our team of BDMs now cover the whole of England, Wales and Scotland, and are all ready to answer your queries and guide you through the application process.