Higher LTV Relaunch

During the last few weeks, The Ipswich has been busy responding to evolving market conditions, working through pipeline applications, introducing desktop valuations and also improving both the broker and client journey through the introduction of electronic ID&V and removing the need for brokers to certify supporting documents.

Now the government has given the green light to house movers and we will soon be able to recommence physical valuations, we are pleased to announce updates to their products for both purchase and remortgage cases, with the return of:

Residential up to 90% LTV
BTL, holiday let, expat resi, expat BTL and self-build up to 80% LTV
Later life up to 75%

The Society is keen to support intermediaries and their clients who are looking to move to a new house or remortgage. They will be carefully monitoring the evolving situation and market conditions, updating their products and lending criteria where appropriate. You will be able to find the latest news in their Coronavirus FAQs blog: https://www.ipswich-intermediaries.co.uk/blog/coronavirus-covid-19-frequently-asked-questions

The Ipswich is asking for intermediaries to be patient; they will continue with desktops where possible until physical valuations are available, and the backlog of valuations are cleared over the coming weeks. It’s important to be sure to check new guidelines in relation to acceptable income for the furloughed and self-employed, be confident with the customers’ ability to maintain the mortgage repayments and their credit profile and, lastly, be cautious on property valuations in the current market.

Their support team are available to assist with broker enquiries Monday to Friday 9am – 5pm on 0330 123 1073 option 1 or email bdt@ibs.co.uk .

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