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.

Pipeline applications:

  • 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.