Maximum loan

• The maximum loan amount has increased from £1,500,000 to £2,000,000

• Leasehold flats/maisonettes (85% of the LTV will be considered) are acceptable in blocks up to four storeys high with a lift (ground floor counted as floor 1). Where no lift is present, but the subject flat is located on the 1st or 2nd floor, this is acceptable subject to valuer’s comments
• Leasehold flats where the applicant also owns the freehold on a separate title and there are long leases granted on the other flat in the building (will consider up to two flats in the block). Both the leasehold and freehold title will be charged
• Leasehold flats where the flats in the block are all held on separate, long leases and the freehold is held jointly and equally by each flat. We will consider up to two properties in the block and it should be confirmed that maintenance of the building is shared equally between the flats (no formal management company is required)

• Leasehold flats in blocks greater than four storeys high (ground floor counted as floor 1)
• Leasehold flats where the block does not have a lift and the subject flat is located on the 3rd or 4th floor
• Studio flats and basement flats

• Properties adjacent to or in view of non-residential property can be considered, subject to valuer’s comments. A non-residential property includes community buildings/businesses such as schools, residential care homes, churches, village halls, places of worship, doctors/GPs
• Properties adjacent to or in view of commercial property where there is no shared party wall (i.e. building to building) between the properties can be considered, subject to valuer’s comments. A commercial property is defined as a property from which a business in line with the location and community is run. Examples of commercial property would include a corner shop on a residential street, hotels, small supermarkets and hairdressers. Licenced premises and food outlets are not included
• Properties in the vicinity of or in view of industrial property may be considered where there is strong evidence of demand. An industrial property is defined as a property from which a large-scale business operation is run, for example a builders’ merchant, factory, business park or large supermarket

• Properties above a non-residential, commercial or industrial property
• Properties adjacent (with a party wall) to a commercial property. Properties adjacent to or in view of licenced premises or food outlets
• Properties adjacent (with or without a shared party wall) to an industrial property

• Flat roofs made of traditional materials (i.e. felt) are acceptable up to a maximum of 40% of the total roof area over habitable accommodation
• Flat roofs made of durable material are acceptable up to a maximum of 60% of the total roof area over habitable accommodation. Durable materials: RBM, mastic asphalt, polymeric (FPO, TPE, EPDM, PVC), fibreglass, metal sheet (excluding corrugated metal), Zinc
• Roofs previously treated internally or externally with spray foam where it has been removed prior to application, subject to a report obtained from a suitably qualified professional to confirm the condition of the roof structure

• Up to seven acres of land are acceptable, subject to no agricultural restrictions
• The valuation will be based on a maximum of five acres

• The maximum combined total service charge and ground rent payable is £1,000 or 1.5% of the property value

• Ex-local authority/Council houses or bungalow properties must be in an area which is predominantly in private ownership, which must be equal to or greater than 60% and subject to satisfactory valuer’s comments. The following link can be used to assist https://www.streetcheck.co.uk/

• Ex-public sector flats or leasehold properties

• Zurich Municipal New Build Guarantee
• Principal
• A Foundations 15 Certificate
• Architect’s certificate

• Properties with title restrictions on use, occupancy or re-sale are not acceptable