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12 July 2020

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06/12/2007 - EPF caps at 90%

Endeavour Personal Finance today capped its LTVs at 90% for the entire range of products, following a period of anticipation in the market.

Paul Creatura, managing director of the HSBC-owned lender, said pipeline business of up to 100% will continue to be funded up to and including the 31 January 2008.

He said: With effect from 6th December, 2007 a maximum CLTV of 90% will apply to the Endeavour range of loan products. Insurance products will continue to be excluded from our equity calculations.

Sharon Trueman, operations manager for EPF, reminded brokers that any broker fee must be included in the CLTV calculation.