Related topic: LTV

Vida is also strengthening its income criteria by increasing the proportion of Universal Credit that can be considered for affordability from 50% to 75%.

The value of new mortgages where the deposit is less than 5% doubled to £1.5bn.

The share of gross mortgage advances with LTV ratios exceeding 90% is at its highest level since 2008.

The residential mortgage lender has cut rates by 15bps at 90% and 95% LTV.

The two borrowers purchased their home despite a last-minute rate change and historic adverse credit.

Previously, borrowing for applicants who did not have permanent rights to remain in the UK was limited to 75% LTV.

The maximum LTV has risen from 65% to 70%. 

£677bn of housing equity has built up since the financial crisis.

Moneyfacts has cautioned that the notable minority entering the market with large deposits risks creating a two-tier market.

The specialist lender reveals 80% LTV limited-time HMO offer.