Tight between 80% LTV and 85% LTV (Kent Reliance)

Tatters26

Just been told by my current lender than they have a 2.5% sway when it comes to what they can offer. 

By that I mean if by the time our deal ends, we own 81% of the property based on value of the property, they can offer us products in the 80% LTV threshold, which are of course a lot cheaper than the 85% region that we bought the property using. 

Is this 2.5% thing industry standard or normal, as I've never heard of it? Lender is Kent Reliance 

K_S

Tatters26 said:

Just been told by my current lender than they have a 2.5% sway when it comes to what they can offer. 

By that I mean if by the time our deal ends, we own 81% of the property based on value of the property, they can offer us products in the 80% LTV threshold, which are of course a lot cheaper than the 85% region that we bought the property using. 

Is this 2.5% thing industry standard or normal, as I've never heard of it? Lender is Kent Reliance 

@tatters26 I've seen a certain level of tolerance with HSBC when a property has been down-valued but don't know what the % threshold is. I haven't come across 2.5% as a threshold prior to your post so it might be safe to say that it isn't an industry standard.