What is the maximum LTV for an additional borrowing application?

1. What is the maximum LTV offered by the Society?

Maximum LTVs are:

• 95% for a house
• 70% for an apartment

2. What is the maximum LTV for an interest only mortgage?

The Society’s maximum LTV for an interest only (or part interest only) loan is 75%. The Society will only consider interest only (or part interest only) loans which have a credible repayment strategy in place.

3. What is the maximum LTV for former Local Authority property?

The Society’s maximum LTV for former local authority property is 80%.

4. What is the maximum LTV for a Northern Ireland Co-Ownership Housing Association (NICOHA) mortgage?

For NICOHA cases the Society’s maximum advance is 90% of the equity.

5. What is the maximum LTV for guarantor cases?

The maximum LTV the Society will consider in guarantor cases is 80%.

For more information please refer to our Lending Criteria

6. What is the maximum LTV for a buy-to-let mortgage?

The Society does not currently offer buy-to-let mortgages.

7. What is the maximum LTV for a self build mortgage?

The maximum LTV for self build mortgages is 75%.

8. What is the maximum LTV for an additional borrowing application?

• For capital raising purposes: 70%
• For debt consolidation purposes: 75%
• For home improvement purposes: 85%