Interest Only Mortgages

Interest only mortgages and how to obtain interest only mortgage lending

6 times income interest only residential mortgage

6 times income interest only residential mortgage

One of our Specialist Lenders is now offering high income multiple residential mortgages at up to 6 times household income with the option to take the lending on an interest only basis. In order to qualify you need: Household income in excess of £100,000 per annum No credit issues in the past 36 months Deposit […]

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Interest only mortgages and downsizing

Interest only mortgages and downsizing

Do you need interest only mortgage lending? Is your property your only major asset? Looking to downsize the family home at a later date? Need to save £900 a month on your cash flow?* *Example £200,000 lending over 15 years monthly mortgage payment capital repayment v interest only Interest only Lenders (sale of mortgage property […]

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Sudden interest in Interest Only Mortgages

Sudden interest in Interest Only Mortgages

Nat West Mortgages turn back to interest only After three years where lenders appetite for Interest Only lending on residential mortgages has reduced to practically zero, we were surprised to see a major lender announce today that they are broadening their offer to once again include Interest Only applications. From 21st of September 2015, Nat […]

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Interest only purchases

Interest only purchases

Interest only at 75% loan to value Over the last three years options for interest only mortgages on residential purchases have been all but eliminated. Where interest only mortgages are offered by lenders, the lender frequently asked you to provide supporting information on investment vehicles such as ISA’s. In many cases the value of your […]

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Interest only mortgages and the FCA

Interest only mortgages and the FCA

Which way are the FCA driving interest only mortgages? Are you an interest only mortgage borrower? Have you recently received correspondance from your lender asking you what your plans are to repay your capital? The Financial Conduct Authority today released further information on how they are likely to ask mortgage lenders to proceed with their […]

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