Intermediary News

Home Purchase Plan products in Wales reintroduced and minor change to lease terms for all product Offers

Further to our message earlier this month regarding the temporary withdrawal of Home Purchase Plan (HPP) finance for properties located in Wales, we are delighted to announce that, with immediate effect, we are once again able to offer HPP finance in Wales.

In addition, for all product Offers going forward, the finance term and lease we offer the customer will no longer be linked and the lease term will be 50 years regardless of the finance term taken out. All future Offers for both HPP and BTL finance will be issued with a 50 year lease term. This has no effect on the customers’ commitment to the Bank. Existing Offers already issued will remain unaffected by this change.

Please note, to provide advice on HPP products you are required to hold specific HPP permissions with the FCA.

Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.

If you have any queries or require further information our team remains available via phone and email, details of which can be found here.

Thank you for your continued support.