Interest Only: Minimum Equity Requirement

Our standard acceptability

No Minimum

Criteria definition:

Indicates if we can potentially accept interest-only lending and if so do we have a minimum equity requirement for interest-only lending.

Policy Notes:

Family Building Society has no minimum equity requirement for interest only lending.

Warning Notes:

If downsizing is the chosen repayment strategy then sufficient equity needs to exist to allow the purchase of a property within up to five miles of where they currently live.

Criteria categories:
  • interest only
  • Product

Last updated:

29 August 2018