Advance notice of removal of home finance for New Build Flats
We have experienced a considerable increase in home finance applications for the acquisition of New Build Flats, and following a review, have taken the decision to remove this category from our acceptable properties list for a limited period.
This change will take effect from Wednesday, 12th August. Buy-to-Let and Home Purchase Plan DIPs submitted via our online portal, before 11.59pm on Tuesday 11th August, will be accepted and managed in line with our usual process.
We apologise for any inconvenience this may cause you but hope you can appreciate the need for the Bank to manage our exposure to certain property types.
We expect this exclusion to be in place for a limited period and we will, of course, be regularly reviewing our position.
Thank you for your continued support. Our teams remain available to deal with your queries via phone and email, details of which can be found here.