Residential changes include:
- Near-prime maximum loan limit increased from £500k to £1m for all ranges – loans over £500k will be subject to maximum LTV of 80%
- Improvements to LTV thresholds on near prime 2 and near prime 3
- Targeted price reductions across our prime product range
- Price reductions on all shared ownership 2-year fixed products and new 5-year fixed products introduced
- Interest-only asset-backed loans, now available for property values of £500k and a minimum loan of £50,000.