Related topic: LTV

The change expands the lender’s criteria to meet a wider range of borrowing scenarios.

Omni offers more2life’s highest LTV of 55.3%, broadest criteria across age and property types, and enhanced overpayment flexibility.

90%+ LTV products now account for over 22% of all borrowing, indicating more buyers are stretching their deposits due to affordability pressures.

The high-LTV product range is available to first-time buyers or existing homeowners looking to purchase, upsize or remortgage.

Average LTVs on new mortgages are much higher in Scotland.

RAW Capital Partners will offer a single 70% LTV first charge for all cases.

The update offers borrowers greater flexibility and access to funding.

Nationwide is also removing the requirement for these applicants to provide at least 25% of the total deposit from their own resources.

London Credit has also updated its valuation methodology.

The lender has increased its LTVs by 5% across its Clear, AAA, AA, and A product tiers.