Interest Only Home Purchase and Amend Case functionality

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.

Find out more

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
  • Product

Click here for more detail or download the keying guide for further guidance.

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