Capital Homeloans has made further criteria changes to its mortgage range in effect from October 26.
In buy-to-let, CHL Mortgages will lend 90 per cent loan to value with a maximum lend £500k per property and 85 per cent LTV on a maximum lend of £1m per property.
On self cert home loans, the lender will lend 90 per cent LTV of £500k property value, with maximum lend £450k and 85 per cent LTV of £588,235 property value, with maximum lend of £500k.
On new build developments, CHL Mortgages now has a maximum LTV of 85 per cent and it says that valuations are only to be carried out by Countrywide.
CHL Mortgages says it will limit its total exposure on a new build development to 10 properties or 20 per cnet, whichever is higher.
The deadline date for submitting all applications on the old criteria & withdrawn product code will be October 30.
In addition, Mortgage Express is set to make increases to all of its fixed and some of its variable rates on all its products except Standard and Lifetime with effect on October 18.