Virgin and Clydesdale to bring back 90% LTV

VIrgin Money and Clydesdale Bank say they will be resuming lending up to 90 per cent loan-to-value on residential deals next week.

The lenders, which are part of the same group, say that buy-to-let lending will be capped at 80 per cent LTV.

They will be lifting limits on loan sizes and property values.

The news comes as the easing of lockdown restrictions means that physical valuations can now go ahead in England.

Virgin and Clydesdale say they are now booking valuations for pipeline cases that were placed on hold.

They will be launching a new range of products next week, including shared ownership, mortgages for professionals, large loans and deals for new builds.

Other lenders have been relaunching products, repricing and easing criteria this week.

Accord has also announced today it is returning to 90 per cent LTV.

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