Changes to our commercial products
Jun 26 2019
From Monday 1 July 2019 the following changes to our commercial and semi-commercial products will be introduced:
- Minimum loan size will increase from £100k to £200k
- Property yield threshold for tier 1 pricing will reduce from 8.5% to 7%
There will be no changes to our bridging or buy to let products.
- The changes will apply to AIP requests submitted on or after Monday 1 July.
- If a valid AIP is held, or a request has been submitted, application and valuation fees must be paid by Friday 12 July for the current product to be honoured
- If application and valuation fees have already been paid, the current product will be honoured
To find out more about these changes please contact your Senior Business Development Manager.