Increase of maximum FTV to 80%, changes to Countries Checklist and ID Requirements
Maximum FTV Increased
We are today giving brokers advance notice that the maximum finance to value is being increased to 80% from tomorrow, Wednesday, 16 December 2020 on most Buy-to-Let and Home Purchase Plan products (MUFB’s and International HPP products remain at 75%). All other aspects of our current range of Buy-to-Let and Home Purchase Plan products remain unaffected and can be found here.
There have also been a number of important changes to the underwriting criteria of both our BTL and HPP products. These include:
Home Finance Applications – Countries Checklist
We have amended the list of countries where Gatehouse Bank can accept finance applications from, details of which can be found here.
Gatehouse ID Requirements
Documentation can be submitted in either colour or black & white certified copies, provided the content meets the requirements and the applicant’s address is visible on all requested documentation. Details of the new requirements can be found here.
Our teams remain available to deal with your queries via phone and email, details of which can be found here.