Interest only: Sale of other unencumbered property
Our standard acceptability
Yes
Criteria definition:
Indicates if we can potentially accept interest-only lending and if so are we able to accept interest-only applications where the repayment vehicle is the sale of another mortgage-free property (Not the security property).
Policy Notes:
Property details and proof of ownership evidence of any outstanding mortgage and estimate of value obtained via such sources such as “Zoopla”, “Rightmove” or an estate agents estimated sale value and placed on the mortgage file. 100% of any equity held. Properties solely owned by the applicants only will be considered.
- interest only
- Product
Last updated:
29 August 2018