We're pleased to confirm that the system updates over the weekend were successful. Please see below for a reminder of these improvements which are now live.
Interest Only - Home Purchase
Designed to support your clients looking for mortgage flexibility and initially only available through intermediaries - Interest Only applications are now accepted for existing home owners moving home.
Key criteria includes:
- A maximum of 60% LTV
- Maximum 25 year term or planned retirement age, whichever is lower
- Minimum income requirements of £75,000 for individual applicants or £100,000 for joint income applications. For full details click here.
- Minimum equity requirements based on region
- Sale of main residence as repayment strategy.
NEW Amend Case functionality
You can now make many amendments to a case without needing to call us, including:
- Purchase price
- Loan amount
- Deposit details