Rooftop Mortgages enhances product offering

he maximum loan up to 65 per cent loan to value is increased to £1m on the stepped light and light adverse range. Up to 75 per cent LTV the maximum loan is raised to £750,000 across the stepped light, light, medium and heavy adverse range.

For loans over £500,000 the application fee is £750 and a second valuation will be required at the Rooftop’s expense. The current cap on procuration fees is unchanged.

The restrictions on buy to let property portfolio have also been lifted. The lender will now allow an unlimited portfolio in terms of size and value. The number of Rooftop mortgages available to one customer remains three in total but the maximum size has been increased to £750,000.

In addition, the maximum LTV on buy to let light has been increased to 85 per cent. There is still no proof of rental income required.