Yorkshire Building Society (YBS) has removed all property value restrictions and returned its maximum loan size to £5m for residential applications.
A property value limit was put in place at the end of March, but with physical valuations now taking place, and as the YBS proposition starts to returns to its pre-COVID-19 offering, restrictions have been lifted.
Earlier this month, the lender relaunched its range of 90% loan-to-value (LTV) products with a maximum loan size of £600,000.
The higher LTV range includes: a 2-year fixed rate at 2.22% at 90% LTV (house purchase only); a 2-year fixed rate at 2.22% at 90% LTV with free standard legal services and free standard valuation (remortgage only); a 5-year fixed rate at 2.49% at 90% LTV with free standard valuation (house purchase only); and a 5-year fixed rate at 2.49% at 90% LTV with free standard legal services and free standard valuation (remortgage only).
Charles Mungroo, senior product manager – mortgages, at Yorkshire Building Society, said: “Following last week’s successful launch back into the 90% LTV market we are also pleased to expand the range by reintroducing loans available up to £600,000.
“We’re committed to rebuilding confidence in the market and supporting customers with a competitive and broad range of products.
“This is the latest in a series of changes we have made to get back to some degree of normality.”