Interest Only Repayment Vehicles | Older Borrowers

We offer interest only products on our Older Borrower mortgage range up to 60% LTV but what options do your 55+ clients have when it comes to selecting their repayment vehicle?

Downsizing an existing property

If your client has future plans to downsize, we’re happy to take this as a repayment vehicle. We find that for many of our Older Borrower customers, they have plans to downsize but at the moment, they want to stay put. That’s fine by us…!

Sale of another property

If you have more than one property, we can use your other property as a repayment vehicle if you plan to sell in the future.

Investments and ISAs

If you have investments and ISAs that you plan to use in the future to pay off your interest only mortgage you are able to use this as a suitable repayment method. We will need your client to provide evidence of their investments and ISAs when applying for the mortgage.