Knowledge Bank ©

Interest Only - Affordability assessed on Interest Only Element Only
Where we accept applications on an Interest Only basis, will affordability be assessed against the interest payment alone? If not, what is the policy on this?

Interest Only Minimum Equity Requirement
Do you have a Minimum Equity Requirement in order to consider Interest Only lending? If so, what is the policy on this?

Interest Only Repayment Vehicle
What forms of Repayments Vehicle are acceptable to us for Interest Only mortgages?

Investment Bonds as an Interest Only Repayment Vehicle
Will we accept Investment Bonds an acceptable Repayment Strategy on an Interest Only Mortgage?

ISA as an Interest Only Repayment Vehicle
Will we accept an ISA an acceptable Repayment Strategy on an Interest Only Mortgage?

Part Repayment & Part Interest Only
Will we consider lending on a Part Repayment and Part Interest Only repayment type?

Pension as an Interest Only Repayment Vehicle
Will we accept a Pension as an acceptable Repayment Strategy on an Interest Only Mortgage?

Sale of Foreign Property or Assets as an Interest Only Repayment Vehicle
Will we accept Sale of a Foreign Property or Assets as an acceptable Repayment Strategy on an Interest Only Mortgage?

Sale of Main Residence as an Interest Only Repayment Vehicle
Will we accept Sale of Main Residence as an acceptable Repayment Strategy on an Interest Only Mortgage?

Sale of Other Assets as an Interest Only Repayment Vehicle
Will we accept Sale of Other Assets as an acceptable Repayment Strategy on an Interest Only Mortgage?

Sale of Security Address as an Interest Only Repayment Vehicle
Will we accept Sale of Security Address as an acceptable Repayment Strategy on an Interest Only Mortgage?

Sale of UK Investment Property as an Interest Only Repayment Vehicle
Will we accept Sale of UK Investment Property as an acceptable Repayment Strategy on an Interest Only Mortgage?

Savings as an Interest Only Repayment Vehicle
Will we accept Savings as an acceptable Repayment Strategy on an Interest Only Mortgage?

Stocks & Shares as an Interest Only Repayment Vehicle
Will we accept Stocks & Shares as an acceptable Repayment Strategy on an Interest Only Mortgage?

Unit Trusts or OEIC as an Interest Only Repayment Vehicle
Will we accept Unit Trusts or Open Ended Investment Companies (OEICs) as an acceptable Repayment Strategy on an Interest Only Mortgage?