Interest Only Buy to Let Criteria

Interest only

For interest only lending, the method of repayment of the loan is assumed to be sale of property at the term end.

The proposed repayment vehicle or repayment strategy must be declared at time of application.   

Interest only or repayment (capital and interest) methods are acceptable but not a combination of both.   

The following table outlines our current loan limits for both Interest only and repayment (capital and interest):

Borrower type	Loan up to £500k	£500k - £1m	Flats	Houses
			New build
First time landlords	80% (Excl. unsecured debt consolidation)	75%	75%	75%
Existing landlords	80% (Excl. unsecured debt consolidation)	75%	75%	75%