75% NOTE: For CHL 1 products the total LTV inclusive of fees cannot exceed 80% Related words: Loan to value, loan size, loan amount, council
Tenure & Leasehold
Standard, Studio Flat, New Build, Above/Adjacent to Commercial, Ex-local Authority, HMO – Freehold and Leasehold, MUFB – Freehold Only. Leasehold terms of less than 76 years remaining at application considered at underwriter discretion and are subject to a maximum LTV of 60%. Minimum 51 years remaining at maturity. Transactions involving Head lease/Sub lease are unacceptable. …
Acceptable HMO Classes
Small HMO – C3 and C4. Large HMO – C3, C4 and Sui Generis. Related words: Planning permission, student, bedsit, house share
Acceptable Construction
Standard brick and breeze block construction Single brick offshoots / extensions (unless this element is a habitable room) Modern timber framed construction post 1960 (including space4) with masonry outer skin Stone built or brick and mortar built walls Modern steel frames property with brick or block and rendered walls Modern methods of construction Wimpey No …
Large Panel System construction
Large Panel System construction methods are unacceptable to CHL Mortgages. Related words: prefab, build, tower block, flat, apartment