Here is the latest update from Nationwide Building Society. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
When it comes to Interest Only, look no further.
In addition to Sale of Main Residence, we now accept further mortgage repayment plans. Including:
- UK savings
- UK investments
- UK pension scheme
- Sale of other UK residential property
There are no minimum equity requirements for these new repayment vehicles.
For more information, please visit our website.
Sale of Main Residence example
- Minimum equity requirements apply only where Sale of Main Residence is being used as the Mortgage Repayment Vehicle (MRV).
- Minimum equity calculation for applications will include any repayment borrowing as equity.
For example:
