News
DECEMBER 2011
We’ve increased our maximum loan size and maximum property value in London and the South East
From Monday 5th December, we’re making the following changes for properties in Greater London and the South East:
- We’re increasing the maximum loan amount to £750,000
- We’re increasing the maximum property value on which we will lend to £4million.
For properties elsewhere, the maximum loan amount remains at £500,000 and the maximum property value remains capped at £1million.
Obviously, we will lend on properties of greater value, but the excess over our maximum property value will be excluded from our calculation of the maximum loan amount.
If you have any queries regarding the above, or would like to speak to us about a specific property, please call the Underwriting team on 0800 068 0212 (option 2).
Thank you,
The Stonehaven Team