New Santander Deal

bigchipper

Hi

I am approaching the end of a 2 year fix with Santander. The deal is an interest only loan on a property where the repayment vehicle is through the sale of the actual property in a few years time. I was able to access this deal as I made a large capital input to the purchase and it had a very low LTV (35%).

I understand Santander has in the intervening period increased their required capital input level for such deals to £150k (from £100k) as well as setting a joint income threshold of £70k (which we now would not meet). When my deal ends in August is it likely that I will not be offered a new deal on a similar interest only basis without being asked to meet the new higher criteria?

Thanks

b-c

bigchipper

"bump"

???