COVID-19 Criteria Live Feed
Residential: COVID-19 : Capital and Interest to Interest Only
During the Covid-19 outbreak, will the lender allow a Capital and Interest Mortgage to be converted to Interest Only?
Yes - accepted
Yes this was allowed
10 months ago  05 July 2023
Yes - accepted
Can be accepted by HBS
3 years ago  15 July 2021
Yes - accepted
Yes
4 years ago  09 October 2020
Yes - accepted
Yes
4 years ago  26 May 2020
Yes with conditions
A change of repayment type from Capital and Interest to Interest Only is allowable on Owner Occupied mortgages, with the exception of CCA sub accounts, shared ownership accounts, shared equity accounts and BTL’s
one year ago  25 January 2023
Yes with conditions
Yes. Will be considered on a case by case basis.
Contact Mortgage Services on 01633 844370
3 years ago  22 February 2021
Yes with conditions
The Society is committed to supporting members in financial hardship through these difficult times and will absolutely commit to offering the 3 month payment holiday facility. We are currently looking at how best we implement this operationally and how we communicate with our members .We will be logging all requests and will come back to the member with confirmation as soon as possible.
Existing mortgage customers should contact Buckinghamshire Building Society on: 01494 879517
4 years ago  20 April 2020
Yes with conditions
On a case by case basis this could be considered for up to 3 months instead of a payment holiday. Contact customer services.
4 years ago  16 April 2020
Yes with conditions
We'll continue to offer this as an option for customers facing financial difficulty. We'll discuss all options with affected customers.
4 years ago  08 April 2020
Yes with conditions
We'll continue to offer this as an option for customers facing financial difficulty. We'll discuss all options with affected customers.
4 years ago  08 April 2020
Yes with conditions
This would be considered on a case by case basis, your client would need to call our dedicated team on 03451 960585 to discuss their options
4 years ago  31 March 2020
Yes with conditions
Hinckley and Rugby will consider on an individual basis. Please contact us using our website https://www.hrbs.co.uk/contact/
4 years ago  26 March 2020
Yes with conditions
Yes, this can be considered. Customers should contact us directly if they are worried about their circumstances. Existing mortgage customers should contact HSBC on: 03457 404 40411
4 years ago  25 March 2020
Yes with conditions
Newbury Building Society can potentially consider allowing borrowers to convert their Capital and Interest Mortgage to Interest Only during the Covid-19 outbreak.
4 years ago  25 March 2020
Yes with conditions
Vernon Building Society can potentially consider allowing borrowers to convert their Capital and Interest Mortgage to Interest Only during the Covid-19 outbreak.
4 years ago  25 March 2020
Yes with conditions
Principality Building Society can potentially consider allowing borrowers to convert their Capital and Interest Mortgage to Interest Only during the Covid-19 outbreak. This will be considered on a case by case basis.
4 years ago  25 March 2020
Yes with conditions
Newcastle Building Society can potentially consider allowing borrowers to convert their Capital and Interest Mortgage to Interest Only during the Covid-19 outbreak. . Please advise borrowers to email: mortgage.support@newcastle.co.uk or call our helpline number on: 0345 702 3083. Lines are open from 9am to 6pm Monday to Thursday, and 9am to 5pm on Fridays.
4 years ago  25 March 2020
Yes with conditions
Kent Reliance can potentially consider allowing borrowers to convert their Capital and Interest Mortgage to Interest Only during the Covid-19 outbreak.
4 years ago  25 March 2020
Yes with conditions
Cases to be reviewed individually. Either call our office on 0800 378669 or email customersupport@teachersbs.co.uk
4 years ago  24 March 2020
Yes with conditions
Market Harborough Building Society has Mortgage Specialists on hand to offer assistance if customers are being affected by COVID-19 (Coronavirus) and are concerned about making forthcoming mortgage payments. The Society can offer various potential solutions and encourage customers to contact us directly. Therefore, please contact the Society to discuss the options available to them based on their individual circumstances.
4 years ago  24 March 2020
Yes with conditions
Yes, we can consider this on a case by case basis
4 years ago  24 March 2020
Yes with conditions
If it is to manage short term impacts of Covid 19, then we may recommend a concession of up to three months to manage the situation, or a different forbearance option if longer term impact is anticipated. They should also bear in mind that dealing with short term concession requests will be prioritised over permanent account amendments during this period.
If the customer wants to permanently convert to IO irrespective of the impact of covid-19, then normal underwriting rules will apply, including considering the reason for conversion and repayment strategy.
4 years ago  24 March 2020
Yes with conditions
This can be considered on a case by case basis.
4 years ago  24 March 2020
Yes with conditions
The Bank will consider all options to support our customers at this time, including transferring from an Acquisition and Rent payment system to a Rent Only payment.
4 years ago  24 March 2020
Yes with conditions
Yes, provided it is deemed appropriate for the customer to do so after discussing circumstances and all forbearance measures.
4 years ago  24 March 2020
Please Refer to Lender
Please Refer - Saffron Building Society customers who are effected by COVID-19 must contact customer services - 0800 072 1100 and select Option 2 then 2
10 months ago  03 July 2023
Please Refer to Lender
Please refer.
one year ago  04 November 2022
Please Refer to Lender
Contact Foundation to discuss on a case by case basis


2 years ago  11 August 2022
Please Refer to Lender
Refer
2 years ago  29 July 2022
Please Refer to Lender
Refer for update on Covid Amendments
2 years ago  12 April 2022
Please Refer to Lender
Refer to discuss circumstances
2 years ago  08 March 2022
Please Refer to Lender
Refer applicants to lender direct
2 years ago  16 February 2022
Please Refer to Lender
These will be considered on a case by case basis
3 years ago  21 September 2021
Please Refer to Lender
We recognise that the coronavirus outbreak has caused financial difficulty for many people. Existing customers should get in touch and we can explain the process. Existing mortgage customers can contact Masthaven on: 0207 036 2012
3 years ago  25 August 2021
Please Refer to Lender
Cust would need to speak to lender to discuss.
3 years ago  10 February 2021
Please Refer to Lender
Contact the lender to discuss
3 years ago  08 December 2020
Please Refer to Lender
Please refer to our customer service team
4 years ago  07 September 2020
Please Refer to Lender
Please contact us for support on 01664 414141
4 years ago  04 June 2020
Please Refer to Lender
Penrith Building Society may allow a Capital and Interest Mortgage to be converted to Interest Only.
4 years ago  12 May 2020
Please Refer to Lender
Customers should contact us directly to discuss their options on 01664 414141.
4 years ago  16 April 2020
Yes by exception
Please refer to Lender
2 years ago  30 December 2021
Yes by exception
Yes as a temporary forbearance measure - specific case assessment to determine
3 years ago  09 August 2021
Yes by exception
Yes, but at remortgage ONLY
Eligibility:
maximum 60% loan to value (LTV)
minimum income criteria of £75,000 for sole applicants, £100,000 for joint applicants. (This is based on basic income only. Secondary income, bonus, overtime or commission can't be used)
minimum deposit varies by region. This will be based on the region selected on the ‘Loan Requirements' page on NFI Online.
£300,000 for Greater London/Outer Metropolitan
£250,000 for Outer South East
£200,000 for all other UK regions
maximum term of 25 years (or retirement if sooner)
sale of main residence as repayment strategy
can't be used in conjunction with any other scheme (e.g. Shared Ownership, Right to Buy, Help to Buy)
minimum lease term of 70 years at application
maximum loan amount of £2 million.

Cases will be assessed on a capital and interest basis. Your client won't be eligible if:
they declare that they have a secured loan, but they're not settling it
a secured loan has been found at the Bureau but isn't declared
a secured loan has been declared but we find a higher monthly payment at the Bureau
your client is retired, or the term will go into retirement
4 years ago  08 April 2020
No - not accepted
No
6 days ago  19 April 2024
No - not accepted
No
8 days ago  17 April 2024
No - not accepted
No longer applicable.
one month ago  18 March 2024
No - not accepted
No longer applicable
6 months ago  19 October 2023
No - not accepted
Not applicable anymore.
7 months ago  27 September 2023
No - not accepted
April do not offer Interest Only facility
10 months ago  20 June 2023
No - not accepted
N/A
12 months ago  03 May 2023
No - not accepted
No longer applicable.
one year ago  31 March 2023
No - not accepted
This is no longer relevant
one year ago  31 March 2023
No - not accepted
N/A
one year ago  20 March 2023
No - not accepted
Occasionally customers will find themselves in financial difficulties and requiring our assistance. We support customers throughout the life of their mortgage and will work with them to remedy any difficulties wherever possible.
In all instances existing mortgage customers should be referred to the Payment Assistance Line : 0808 145 0437.
one year ago  09 February 2023
No - not accepted
N/A
one year ago  07 December 2022
No - not accepted
N/A
one year ago  07 November 2022
No - not accepted
Capital Repayment Only
2 years ago  14 October 2022
No - not accepted
No/Not accepted.
2 years ago  14 March 2022
No - not accepted
Not accepted.
2 years ago  23 February 2022
No - not accepted
Not acceptable
2 years ago  17 January 2022
No - not accepted
No longer applicable.
2 years ago  01 December 2021
No - not accepted
Not acceptable
3 years ago  08 September 2021
No - not accepted
No
3 years ago  03 June 2021
No - not accepted
No
3 years ago  19 January 2021
No - not accepted
No
3 years ago  27 October 2020
No - not accepted
Not Accepted
4 years ago  14 September 2020
No - not accepted
Not applicable. All of our mortgages are interest only.
4 years ago  24 August 2020
No - not accepted
N/A
4 years ago  05 August 2020
No - not accepted
No
4 years ago  07 April 2020
No - not accepted
As a responsible lender, it is crucial that we offer the right support to our customers at this time.
We strongly encourage customers to review the Frequently Asked Questions on our website in the first instance and to only contact us if they are worried about an immediate impact on their financial situation caused by the coronavirus outbreak: https://www.barclays.co.uk/coronavirus/mortgages/
4 years ago  30 March 2020
No - not accepted
No
4 years ago  25 March 2020
No - not accepted
No
4 years ago  25 March 2020
No - not accepted
No
4 years ago  25 March 2020
No - not accepted
No
4 years ago  25 March 2020
No - not accepted
No. We have only ever lent on a repayment basis and will not be offering interest only as an option.
4 years ago  25 March 2020