Clydesdale Bank has increased its maximum loan to value (LTV) for new-build residential homes to 90 per cent.
The maximum LTV was previously 85 per cent, and the change comes into force from today.
The lender’s maximum LTV for new-build residential flats is still 80 per cent LTV, while its maximum LTV for buy-to-let (BTL) houses is 80 per cent LTV for houses and 70 per cent LTV for flats.
Offers on new builds are valid for 180 days from the issue date, and builder incentives can be available on a case-by-case basis.
The lender defines a new build as a property that has not been previously occupied, a property sold by the builder or developer, a property built within two years of the mortgage application or converted into a flat within two years before the mortgage application.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
