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last updated: 13-10-2008
Additional Information template for Large Loans
Where you have an application that
brings your customer’s total residential lending with the Lloyds
TSB Group to a sum of £750,000 or more, our underwriters are most
likely to require some additional information before they make a
decision to lend.
Our underwriters will, of course, ask you for
any specific extra information they need on an individual case by
case basis. However, as a guide, we’ve created an Additional
information template for Large Loans that you can use to support
your application.
Completion of the Additional Information
template is not mandatory, and information not included on this
form may still be needed. However, by sending it in with your Large
Loan applications, you’ll undoubtedly speed up the application
process. Even if you don’t choose to complete and submit the form
with your application, you can use the questions on the form to
give you an idea of the extra detail our underwriters may require
to approve a Large Loan.
Once you’ve downloaded and completed the form,
fax it to us – with all supporting documentation, including the
Additional Information for Buy-to-Let
Mortgages form – with a fax cover
sheet to 0845 600 2367.
Loan to Value limits for high quality
Large Loan applications are as follows:
|
Between £750,000 and £1 million
|
85%*
|
|
Between £1 million and £2 million
|
80%**
|
|
Between £2 million and £5 million
|
70%**
|
|
5 million and over
|
50%
|
|
*75% for buy-to-lets and 65% for buy-to-let
new builds
** 65% LTV for buy-to-let new builds
|
Download the
Additional information template for Large Loans
Format: PDF
File size: 41KB