01 March 2017
Santander have improved their criteria on Interest Only mortgages.
- Mortgage Term can now go up to oldest applicants 70th birthday.
- No minimum income required
Other points to remember about Santander Interest Only are:
- Part Interest only (sale of property), minimum £150,000 equity at the end of the mortgage term
- LTV’s - Interest Only max 50%, Part Interest Only max 75%
Full lending criteria can be viewed here