We will not lend against new build developments where incentives paid to the purchaser are more than 5% of the purchase price.

• Where incentives are less than £2,000 the incentive is allowed with no change to lending.
• Where incentives are greater than £2,000 but no more than 5% of the purchase price of the property, the value of the incentive will be deducted from the property value when calculating the LTV.

We class any items supplemented by the developer/vendor as incentives.

We do not accept developer/vendor deposits