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.
- interest only
- Product
Last updated:
29 August 2018