First-time buyers now have access to an increased loan-to-value (LTV) of 90 per cent, up from 85 per cent. In addition, fees can now be added up to a maximum LTV of 97 per cent.
Aimed at the mainstream market and launched in March this year, Advantage’s self-certification range of products is available to both employed and self-employed borrowers. Unlike the majority of self-certification products currently available, the Advantage range is based on affordability rather than income multiples so no further evidence of income is required (subject to reasonability checks).
David Connolly, head of product development at Advantage, said: “We always strive to adapt our products to meet the needs of intermediaries and their clients and this is reflected in the increased LTV now on offer to both employed and self-employed borrowers.”
