Following a review of its overall lending position, the lender is pulling the upper LTV limit back to 80 per cent on Prime, Near Prime and Light products, 70 per cent on Medium products and 60 per cent on Heavy products at the close of business today.
LTVs were previously 90 per cent, 85 per cent and 80 per cent respectively.
Pipeline business will be honoured as long as KFI's have been issues and where a valid online DIP has been issued by the end of day on Monday 7 April.
Fully packaged business must be received by Friday 9 May.
In a statement the lender said that the move was 'essential' to protect its proposition.
