What is your criteria for Premier AVM products?
Subject to product availability
- Existing Premier criteria applies
- Available in England, Wales and Scotland
- Remortgage only
- Rental assessment will be based on lower of the actual rent or valuation
- Must be owner occupier
- Maximum 75% LTV with a minimum ICR of 130%
- Maximum loan size £525,000
- Property must be rented (3 months bank statements required)
- Properties must be of standard construction
- If the property is leasehold - the lease must have at least 85 years remaining at completion
- Property must be owned for 6 months before remortgaging
Excludes:
- Unencumbered properties
- Self-build properties
- New build properties
- Right to buy or shared ownership
- Properties with cladding or non-standard building materials
- Properties in buildings over 6 floors
- HMOs and MUFBs
- Ex-local deck access
- Trading companies
- Holiday lets
Please note we reserve the right to instruct a full valuation, even if the AVM passes