Split Repayment Methods

Posted on 23 March 2011 by Dawn


I have interest only mortgage for £210k with DB Mortgages, on their SVR rate, property valued at £275k.  Will I be able to get half repayment & half interest with any lenders, so that I can start reducing mortgage?

Dawn,

There are still Lenders who will consider a split repayment mortgage where your loan to value (LTV) is over 75%, which yours just is and you should have plenty of choice of product type and interest rate.

I believe you would benefit from speaking to one of our independent mortgage advisers. Please call on 0344 346 3672 and tell the consultant the date and title of your question. They will be able to look at your situation and advise you accordingly.

Peter

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We recommend you seek professional advice with regard to any of these topics where appropriate.

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