Interest only: Sale of other mortgaged property

Our standard acceptability

Yes

Criteria definition:

Indicates if we can potentially accept interest-only lending and if so is the sale of another mortgaged property (Not the security property) an acceptable repayment vehicle for residential interest-only lending.

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 must be provided. 100% of any equity held.Properties solely owned by the applicants only will be considered.

Criteria categories:
  • interest only
  • Product

Last updated:

29 August 2018

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