Maximum finance and FTV levels amended across all products
We are delighted to announce that we have today made a number of changes to the amount we will finance against Finance to Value (FTV) levels across all Buy-to-Let (BTL) and Home Purchase Plan (HPP) products.
Key highlights include:
- All finance amounts on the current 80% FTV tiers have increased from £1m to £2m
- BTL now has an additional 75% FTV tier added, with the maximum finance set at £3m
- All finance above £3m is now 70% FTV for both BTL & HPP
- HPP maximum finance has increased from £2.5m to £5m
- Maximum finance on the 75% FTV HPP tier has increased from £2.5m to £3m
- HMO and MUFB maximum FTVs will remain at 75% (separately or in a portfolio) but the maximum finance will increase to 75% up to £3m and remain at 70% for finance from £3m to £5m
The changes are intended to align all our products and further improve the offering we provide to our broker partners and customers. The tables below clarify the changes to maximum finance and FTV levels:
BTL Product changes:
| Product / Applicant Type | Max FTV to £2m | Max FTV £2m+ to £3m | Max FTV £3m+ to £5m |
| UK Resident & UK Expat BTL | 80% | 75% | 70% |
| UK Resident & UK Expat HMO/MUFB | 75% | 75% | 70% |
| International BTL | 80% | 75% | 70% |
| International MUFB | 75% | 75% | 70% |
HPP Product changes:
| Product / Applicant Type | Max FTV to £2m | Max FTV £2m+ to £3m | Max FTV £3m+ to £5m |
| UK Resident | 80% | 75% | 70% |
| UK Expat | 80% | 75% | 70% |
| International Resident | 80% | 75% | 70% |
These changes complement our existing product range available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.
If you have any queries or require further information our team remains available via phone and email, details of which can be found here.