Interest Only: Minimum Equity Requirement
Our standard acceptability
Indicates if we can potentially accept interest-only lending and if so do we have a minimum equity requirement for interest-only lending.
Family Building Society has no minimum equity requirement for interest only lending.
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.
- interest only
29 August 2018