Maximum LTV tops bridging search criteria
Nicola Firth

Maximum LTV tops bridging search criteria

Maximum LTV was the most searched for criteria in the bridging sector in May, according to Knowledge Bank's criteria activity tracker.

Regulated bridging — which topped the category in April — has moved down to second place, with maximum term and maximum loan in third and fourth place respectively.

In the buy-to-let sector, lending to limited companies remained top, with first-time landlords holding on to second place.

Semi-commercial properties topped the commercial category.

Top five searches performed by brokers on Knowledge Bank during May 2019:

Knowledge Bank's criteria activity tracker

“I believe that it is now imperative that brokers perform a criteria search prior to product sourcing so that the borrower knows the products they actually qualify for,” said Nicola Firth, CEO at Knowledge Bank (pictured above).

“Additionally, with ever-increasing — and ever-changing — regulation, it is crucial that brokers can defend their product selection when it is based on criteria restrictions and not price.”

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