Regional equity finder
Regional equity finder
We require your client to hold sufficient equity in the mortgaged property to enable them to downsize to a different property, where the sale of a mortgaged property is used as a repayment strategy. The minimum equity value depends on the area your client intends to downsize to.
Use the start of the postcode area your client will downsize to (e.g. B, SW, L, OX) to see how much they require as minimum equity.
Region |
Postcode |
Minimum equity |
|---|---|---|
East Anglia |
CB, IP, NR |
£317,000 |
East Midlands |
DE, LE, LN, NG, NN, PE |
£244,000 |
Greater London | Al, BR, CR, DA, E, EC, EN, HA, IG, LU, N, NW, SE, SM, SW, TW, UB, W, WC, WD |
£488,000 |
Northern Ireland |
BT |
£200,000 |
Northern |
CA, DH, CL, LA, NE, SR, TS |
£200,000 |
North West |
BB, BL, CH, CW, FY, L, M, OL, PR, SK, WA, WN |
£211,000 |
Scotland |
AB, DD, DG, EH, FK, G, HS, IV, KA, KW, KY, ML, PA, PH, TD, ZE |
£200,000 |
Outer South East | BH, BN, CM, CO, CT, GU, HP, KT, ME, MK, OX, PO, RG, RH, RM, SG, SL, SO, SS, TN |
£335,000 |
South West |
BA, BS, DT, EX, GL, PL, SN, SP, TA, TQ, TR |
£273,000 |
Wales |
CF, LD, LL, NP, SA, SY |
£200,000 |
West Midlands |
B, CV, DY, HR, ST, TF, WR, WS, WV |
£238,000 |
Yorkshire & Humberside |
BD, DN, HD, HG, HU, HX, LS, S, WF, YO |
£200,000 |
This will only assess the minimum equity required and does not guarantee acceptance. Your client will also be subject to our full underwriting process.
It is your client's responsibility to ensure that they have sufficient funds to repay the amount borrowed on an Interest Only basis and (where applicable) any accrued interest at the end of the term.