Our Interest Only Mortgage Range gives your customers the flexibility to choose how they repay their mortgage.
Interest Only criteria highlights
- Maximum 80% LTV pure interest only
- Sale of mortgaged property up to 50% LTV – £250k minimum equity excluding other repayment strategies
- Maximum 85% LTV part and part – 80% interest only using other repayment strategies (not sale of subject property) plus 5% capital and interest.
- Second homes – Sale of mortgaged property up to a maximum of 85% LTV overall. With 80% on interest only and an additional 5% on Capital and Interest.
- Minimum income of £50k across all applicants
- Affordability worked out on an interest only basis, not on capital and interest.
- Works in conjunction with our enhanced income multiples for your higher earners subject to affordability assessment and product availability.
Use our Affordability Calculator to calculate all Interest Only & Part and Part Mortgages.
For full details of our Interest Only range and acceptable repayment strategies, please refer to our Mortgage Lending Criteria Guide and Product Guides.
In other news….
With effect from Thursday 6 March 2025, our Standard Variable Rate will be 8.00% for Residential and 8.50% for Buy to Let mortgages.
If you have any questions or need support, please get in touch with your BDM or call our Broker helpdesk on 020 3427 1019. To find your nearest BDM, please click here.