Maximum Loan to Value (LTV) for Interest Only mortgages
Our standard acceptability
80
Criteria definition:
Indicates if we can consider Interest Only lending on residential mortgages and if so up to what loan to value (LTV). Take care to check other factors such as:
- Is there a minimum equity requirement?
- Is their a minimum income requirement?
- Is there a minimum property valuation?
- Is the repayment vehicle acceptable to us?
- Can any borrowing over the stated max LTV be taken on a repayment basis?
Policy Notes:
The Society will lend up to 80% LTV on an interest only basis with an acceptable repayment strategy.
Warning Notes:
We will permit downsizing as a valid repayment strategy but only up to 70% LTV
- interest only
- Product
Last updated:
29 August 2018