Maximum Loan to Value (LTV) for Interest Only mortgages

Our standard acceptability

60

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:

As a result of the covid-19 outbreak the Society will currently only lend to a maximum of 60% LTV.

Criteria categories:

• interest only
• Product

Last updated:

29 August 2018