SFI increases high LTV loan allowances

As of tomorrow SFI will be increasing its loan allowance on it 80% LTV to £1m, 85% LTV to £750,000 and 90% LTV will be increased to £500,000.

SFI will also launch its new 60% Lifetime Tracker at 2.49% (BBR+1.99%) with no booking fee – core with no ERC.

Santander is currently in the process of restructuring its mortgage division with Brad Fordham replacing Miguel Sard as managing director of Santander for Intermediaries.

In his new role Fordham will be responsible for Santander for Intermediaries and all the products distributed through its channels including Santander, Abbey, Cater Allen and Santander Asset Management.