The maximum loan to value has been increased for poor credit mortgages offered by Rooftop Mortgages.
Potential mortgage borrowers with an adverse credit history will now be able to take out a mortgage with a maximum loan to value of 65 per cent with the mortgage lender's stepped light and light adverse range.
This maximum loan to value could be worth up to £1 million, reports Mortgage Introducer.
Up to £750,000 could be borrowed in the stepped light, light, medium and heavy adverse range. This mortgage range for people with an adverse credit history offers a mortgage rate of 75 per cent.
The mortgage lender has also increased the loan to value on its buy-to-let mortgage range. The maximum loan to value on these mortgages is now 85 per cent.
Limitations on the mortgage lender's buy-to-let mortgage portfolios have also been lifted. Buy-to-let mortgage holders can now hold unlimited portfolios after it has been announced that there will no longer be limits on the size and value of portfolios.
Poor credit mortgages get higher loan to value
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Poor credit mortgages get higher loan to value
Mon, 28 Nov 2005
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