We've got interest only solutions

29TH APR 2020

We've got interest only solutions

One of our specialist areas is interest only. We welcome your interest only borrowers, including those with multiple and unusual income sources. We pride ourselves on offering a flexible approach by reviewing each case individually and we don’t apply minimum income restrictions. Residential rates are available from 2.24%. Pricing is tailored to your clients’ circumstances.

Various repayment strategies accepted:

  • Sale of property and credible downsize available with £250k equity
  • Sale of investments
  • Sale of background property/land assets
  • Pension plans
  • Bonus lump sum overpayments
  • Strategies that include a mixture of these will be assessed on an individual basis

Key features:

  • Interest only loans available as short term finance, part and part mortgages and for older borrowers
  • £200k – £3m loans
  • Up to 60% LTV
  • Fixed and variable rates
  • Properties in England and Wales
  • Max age 85 for residential, no age restrictions for let applications

To find out more call your nearest Specialist Lending Manager or email brokers@mhbs.co.uk