"With house prices continuing to increase, deposit size continues to be a significant determining factor for homebuyers."
The launch of 80% LTV mortgages increases NHL’s maximum available LTV from 75% to 80%. Norton Home Loans offers a range of specialist first charge mortgages for customers whose circumstances would see them rejected by other lenders for reasons including heavy adverse and non-standard construction properties.
It also lends on Right to Buy, basing lending on the valuation not the purchase price.
The change follows the Norton's recent launch of a second charge mortgage product with a maximum LTV of 80%.
David Binney, commercial manager at Norton Home Loans, said: “With house prices continuing to increase, deposit size continues to be a significant determining factor for homebuyers. So, we are delighted to be able to open up more opportunity to those customers overlooked by the high street, by increasing our maximum available LTV from 75% to 80%.
"This will help more brokers to help more clients buy the home they really want, or release capital from their existing property to help them achieve their plans.”
