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interest only available

Options
any companies still doing re-mortgage @ interest only mortgages ?

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  • K_S
    K_S Posts: 6,878 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    1hu said:
    any companies still doing re-mortgage @ interest only mortgages ?
    @1hu The vast majority of mainstream lenders offer I/O remortgage products subject to meeting lender-specific I/O eligibility criteria which usually involves one/more of the following - minimum income threshold, acceptable repayment vehicle, LTV thresholds, etc.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • ACG
    ACG Posts: 24,555 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It is possible, but you will likely need a good income, a good deposit and/or a repayment vehicle or possibly a combination of all of them. 

    How many of the boxes you tick will determine your options. 
    £20k income, 10% deposit and no repayment vehicle, you are probably not getting interest only. 
    £80k income and a 25% deposit and you probably are going to have options. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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