Future reduces LTVs across range

The firm says unprecedented business volumes have forced it to change its market offering in order to maintain servicing levels. From close of business today, all prime, near prime and light products in the First Mortgage Product Range will see LTVs reduced to 80%. Medium adverse products will have a maximum LTV of 70%, while heavy adverse customers will only be able to borrow up to 60% of a property’s value. The firm says it will honour pipeline business where KFI’s have been issued and a valid online DIP has been submitted. Packaged business must be received by Friday 9 May. In a stat...