The evidenced current or projected value at maturity must be equal or greater than the proposed loan amount or account exposure

Projections should be based on the lower or middle growth rates, as deemed appropriate to comply with responsible lending

The general expectation is that the latest annual statement is required and lust be no more than 15 months old

The name on the policy must match the names(s) shown on the application

Not permitted where the maturity date of the Endowment Policy is later then the end date of the mortgage

The evidenced current or estimated pension tax free lump sum must have a value equal to or greater than the proposed loan amount or account exposure

The general expectation is that evidence must be no more than 15 months old

Projections should be based on the lower or middle growth rates, as deemed appropriate to comply with responsible lending

Permitted.

The value of the plan must have at least 50% of the requested ‘interest only’ amount with a plausible investment strategy being demonstrated to cover the full value,

The latest statement from the provider is required as evidence and must not be more than 12-months old

Must be administered by an FCA regulated Financial Services firm.

All beneficiaries of the repayment vehicle must match the name(s) on the application.

Permitted

Minimum equity should be the higher of £200,000 or the output of our Regional Equity Finder for the area the applicant(s) intend to downsize to.

Permitted

Subject to equity in other UK property is sufficient to repay the interest only part of the mortgage after any mortgage(s) on the other property has been repaid. Excludes commercial properties

Evidence required from valuation and latest mortgage statement

Subject to the property being owned solely by one or more of the applicant(s) (confirmation of ownership must be evidenced)

Not permitted.

Not permitted.