Loan-to-Value (LTV)

LTV and maximum loan size

The tables below show the maximum lending limits depending on the application. If more than one LTV limit is relevant to the application, the lowest LTV will apply. Also, products may not be available up to the maximum LTV detailed below, please check our product finder for our current interest rates.

Maximum LTV can also be affected by:

  • Whether our security is a new build
  • Whether your client owns more than one mortgaged property on completion
  • The purpose of the loan
  • Limitations on the product selected (see our product finder for further information)
Maximum LTV and loan table
Maximum LTV Maximum loan size
95% £500,000
85% £750,000
80% £1,000,000
75%* £2,000,000
                      New build houses
85% £750,000
80% £1,000,000
                       New build flats
75% £1,000,000

*Loans above £1 million are only available for products with £0 product fees.


If your client's loan size is over £500,000, take a look at our large loans information.

Exceptions may apply for existing customers porting their mortgage. For further information, please speak to one of our experienced advisers using Broker Chat.


Application and property type LTV limits

Please remember, if more than one LTV limit is relevant to the application, the lowest LTV will apply.

Property type LTV limits table
Application/
property type
Maximum LTV Restrictions
Shared ownership

90% of applicants (new) initial share.

If the property is new build, new build LTV limits apply (see below)

Minimum initial share 25%

Subject to product availability restrictions

If customer is using FHTB loan towards deposit, this will not count towards minimum 10%

Equity share Dependent on Scheme. Minimum deposit of 5% of full purchase price required

Maximum Equity Share Loan:

  • 25% builder schemes
  • 50% Government/Housing Association/Local Authority/ Developer and HCA Co-funded schemes (inc. Help to Buy - Equity Loan Scheme).

Subject to product availability restrictions

If customer is using FHTB loan towards deposit, this will not count towards minimum 5%

Right to buy Up to 100% of discounted price + Additional funds for legal fees and home improvements Subject to product availability restrictions
Second properties 85% Where your client has, or will have on completion, only one mortgaged property, standard LTV limits will apply. Maximum 85% LTV will continue to apply if the client will own two or more mortgaged properties on completion and will be treated as a Second Property application, even if the property being purchased or remortgaged will be your client’s main residence.
New build flat 75% up to £1,000,000

'New Build' is defined as a property that has been newly constructed or converted/refurbished (involving major alterations to the fabric of the building, its internal fixtures and fittings and probably its use) and has not been purchased (even if it has been occupied) within two years of its completion. This includes properties being bought off plan.

Please note alterations to a property described as 'refurbished' including the replacement of kitchens, bathrooms, services and windows etc does not fall within the definition of New Build.

Any price restriction must be as a defined percentage of the unrestricted open market value. Not acceptable in conjunction with Shared Ownership, Equity Share Loan or Forces Help to Buy.

New build house

85% up to £750,000

80% up to £1,000,000

Restricted Resale Price 90% based on the restricted value.
Concessionary Purchase/ Genuine Bargain Price 90% based on the open market value.

The discount must be a gift, not a loan, and there must be no conditions attached to it.

The purchase can't be part of a recognised scheme, such as Right to Buy or Shared Ownership.

A deposit is not required unless the loan exceeds our maximum LTV