The changes take effect immediately. Last month, the building society cut its maximum LTV for interest-only loans where the repayment strategy is the sale of the property from 70% to 50%.
But these changes affect all borrowers, regardless of the repayment vehicle they have in place.
The changes do not affect the lender’s buy-to-let range.
Earlier this week, Skipton Building Society cut its maximum loan-to-value for interest-only lending from 75% to 60%.