Salt has emailed brokers to alert them that it will be increasing its fixed rates on its sub-prime range from November 28.
It says that all fixed rates have been repriced and maximum loan to values for ‘status’ and ‘self-cert’ reduced for near prime to heavy categories.
Maximum first time buyer self-cert LTV has been reduced from 90 per cent to 80 per cent.
Maximum loan on self-cert has been reduced to £500,000.
Salt says that this is due to recent market changes.