Interest only: Annual lump sum repayment
Our standard acceptability
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 borrowers intention to make periodic lump sum reductions from savings, bonus payments, sale of assets and the like.
We are unable to accept annual lump sum repayments as an acceptable repayment strategy for an interest only mortgage.
- interest only
29 August 2018