The lending criteria guide to clarify the following points:
- the types of property/loan that they do/do not lend upon.
- the Let to Buy maximum LTVs as they had received a number of queries regarding these.
- when a pre-completion product change fee is charged
At the same time AFI have also updated the Income Evidence Requirements Guide to be clear on the evidence required for maintenance payments and rental income in excess of 150% and the information required to be shown on payslips and bank statements.
For a copy of the updated lending criteria please click here.
