Policy & Criteria Changes for New Build Houses
Policy Change
Atom Bank has launched products designed to help people in Greater London and the South East acheive theit homeowner dreams by enhancing affordabioty and increasing the Loan to Value (LTV) limits for New Build houses within the postcode prefixes listed below.
Greater London
SM, W, NW, KT, EC, RM, E, SE, WC, HA, WD, EN, DA, BR, UB, CR, SW, TW, IG, N
South East
BN, RH, RG, SG, CT, SL, AL, OX, PO, TN, HP, SO, MK, ME, LU, GU
Lending Criteria
Builders’ cash incentives also need to be declared at the point of sale, and this can be done via the UK Finance Declaration of Incentives form. We will accept a maximum of 5% without affecting lending. Anything above this will be deducted from the lower of purchase price or valuation and the max LTV rebased on this figure.
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