Part and Part combined
23/08/2017
- Permitted on specific products – refer to product guide
- Maximum LTV 85% (75% for interest only part)
- Minimum income applies:
- Sole applicant minimum £50k
- Joint applicants minimum total £75k with one borrower earning at least £50k
- Where downsizing is the repayment strategy, a minimum equity of £250,000 applies and the maximum age at the end of the term is 70
- Repayment element of a part interest only mortgage can count towards the minimum equity requirement