Updates to policy for mortgages greater than 90%

We just wanted to let you know that we’ve made some changes to the maximum length of term and Loan to Income (LTI) cap for borrowing where the LTV is greater than 90%.

We have increased the length of term available from 30 years to 35 years for those applying for mortgages with an LTV greater than 90%. This is great news for first time buyers as they can spread their mortgage over a longer term while borrowing at a higher level.

As part of the changes to policy, and to help us reduce risk exposure, we have also reduced the cap in LTI for mortgages above 90% LTV from 4.75 to 4.49. This means that the amount a person may now be able to borrow at this higher level LTV could be reduced.

Find out more about our lending criteria and policy.