Norton Homes Loans (NHL) has extended the maximum loan to value (LTV) on its first charge mortgage range to 80%. 

The launch of 80% LTV mortgages increases NHL’s maximum available LTV up 5% from 75%.

NHL offers a range of specialist first charge mortgages for customers who would be rejected by other lenders for reasons including heavy adverse and non-standard construction properties. 

It also lends on right to buy, basing lending on the valuation, not the purchase price. 

As house prices continue to increase, deposit size continues to be a significant determining factor for homebuyers. 

NHL commercial manager David Binney says: “We are delighted to be able to open up more opportunity to those customers overlooked by the high street, by increasing our maximum available LTV from 75% to 80%.”

“This will help more brokers to help more clients buy the home they really want, or release capital from their existing property to help them achieve their plans,” Binney adds.