Here is the latest release from Norton Home Loans. For their product details click here.
We have a new plan and we’re reducing our rates!
Following the recent Bank of England Rate change Norton Home Loans have undertaken a review of our 1st & 2nd Charge Lending Rates, and with effect from 09.10.2025 there will be a rate reduction on all our Lending Plans ranging up to 1.4%!
We have also made the following amendments to our Lending Criteria:
1st Charge Criteria Change Only:
We can now accept AVMS on RTBs and Purchases with the following criteria: –
Confidence level of 5 up to 60% LTV
Confidence level of 6 up to 80% LTV (Where the LTV is greater than 70% but less than 80% the maximum gross loan amount is £100,000)
Where the confidence level is not met and/or the LTV exceeds 80%, we will require a full physical valuation.
First Time Buyers – We now require a 300+ credit score for all customers & a £300 surplus on the overall case. They no longer require a day one referral unless the above criteria can’t be met.
1st Charge & 2nd Charge Criteria Change:
DMP Conduct History – We will now accept 6 months satisfactory conduct of DMPs rather than 12 months.
Please see the Mortgage Lending & Secured Loan Lending Criteria & Matrices October 2025 below for further details:
Mortgage Loan Lending Oct 2025
Secured Loan Criteria October 2025
What do I need to do?
1. If a Binding Offer has been produced then you do not need to do anything further. We will notify any customers who are affected by the variable rate change at completion. Any fixed rates will remain the same until the offer expires, at which point the deal will need to be resold on the new rates and a revised offer will be issued.
2. If you have a valid Mortgage illustration (ESIS) on a case that has been submitted to us or not, this will be honoured for 28 days until COB on the 5th of November. Once the expiry date passes this will need to be regenerated on to the new reduced rates. If the case is already submitted and the illustration needs regenerating, please advise a member of the team and they will do this for you. CARE the case will also need to be reassessed based on the new credit score restrictions for that plan.
3. If your case has been submitted and you would like to take advantage of the reduced rates then please contact one of the team to do so. Again, please be mindful of the new credit score restrictions on each plan.
Please ensure your customer that has received any changes are made aware of these and receives a copy of the revised Illustration ASAP.