KBC Bank Ireland is to reduce the maximum LTV available on its mortgage products with immediate effect.
The bank will no longer offer a maximum of 90% LTV mortgages on the Irish market and will now offer mortgages of up to 80% LTV.
The bank will honour all valid offer letters issued to customers up to the date of expiry.
Customers with a valid Approval in Principle letter have until the 30th of November 2011 to submit their outstanding documentation for assessment for full approval and, if approved, offer letter. After that date, any Approval in Principle which has not proceeded to a Letter of Offer will be subject to a maximum 80% LTV.
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The bank will no longer offer a maximum of 90% LTV mortgages on the Irish market and will now offer mortgages of up to 80% LTV.
The bank will honour all valid offer letters issued to customers up to the date of expiry.
Customers with a valid Approval in Principle letter have until the 30th of November 2011 to submit their outstanding documentation for assessment for full approval and, if approved, offer letter. After that date, any Approval in Principle which has not proceeded to a Letter of Offer will be subject to a maximum 80% LTV.
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