Important updates to our lending guide

25/08/2010

We have made the following changes to our lending guide including a new section on the front page of the guide highlighting what has been updated.

• We no longer require the proof of 6 months savings to cover rental payments on Let to Buy applications.

• We no longer accept applications from customers with five or more existing secured commitments where the total balance of these commitments exceeds £150,000.  If the customer has less than five existing secured commitments the £150,000 limit does not apply. 
• If any part of the loan is on an interest only basis we have changed the maximum LTV to 75%. This only affects new mortgage customers to Abbey and existing Abbey mortgage customers moving home.

To view the latest copy of our lending guide please click here.