Lending and Security Updates
Interest only - Sale of property
Following a review of our interest only lending policy, where the sale of the mortgaged property is being used as the repayment strategy, we have introduced a range of minimum regional equity thresholds where the client(s) intends to downsize to in addition to our overall minimum equity requirement of £200,000.
View repayment vehicles
Part and Part combined repayment method
Following a review of our lending policy loans which include both interest only and repayment elements (Part and Part) will not be accepted until further notice .
View repayment methods