From today Halifax's 80% Loan to Value (LTV) limit for new residential applications on new build houses and flats increased to 85%. The limit for conversion’s and renovations remains at 80% LTV. New build products at 80 – 85% with £500 cashback and with extended complete by dates of 31/03/2018 has been launched to support this change.
From 10 August the 80% Loan to Value (LTV) limit for new build shared ownership houses and flats increased to 90% LTV. This is now the same maximum LTV for shared ownership customers buying a second hand property. The limit for conversions and renovations remains at 80% LTV. The existing shared ownership products can continue to be used.
For full details please visit www.halifax-intermediaries.co.uk from Thursday 10 August or contact your local Business Development Manager.