Fleet Mortgages pauses lending on deals over 60% LTV

Jake Carter

March 31, 2020

stamp duty

Fleet Mortgages has paused lending on products over 60% LTV.

However for offerings below this tier, the lender will accept new applications.

The firm is also still working through its existing pipleline of cases.

A large number of lenders have taken the decision to pull high LTV products in light of the coronavirus pandemic.

This follows news that Precise Mortgages and OneSavings Bank have frozen all new applications due to the outbreak, which also paused new applications for Kent Reliance and InterBay.

Furthermore, Halifax Intermediaries pulled all products over 60% LTV last week, however, the lender has now begun reintroducing select products for first-time buyers and remortgages up to 80% LTV.

Fleet Mortgages have been approached for comment.

Sign up to our daily email