- Regular savings plan (current value must be at least 50% of the loan amount)
- Sale of assets (subject to the current value being at least equal to the loan amount)
- Periodic capital repayments (subject to minimum of 2 years history of bonus/dividend payments)
- Sale of mortgaged property (where the property is valued at minimum £450k and there is a plausible downsize plan)
The Society will review any proposed repayment plan for plausibility.
We will need confirmation of the probation period from applicant’s employer before loan can be completed.
£125,000.
£1,800,000 (consolidated).
New lending £50,000.
Further advance £5,000
<70% LTV = £1.8m.
<80% LTV = £1.0m
>80-85% LTV = £500k
>85-90% LTV = £450k
>90-95% LTV = £350K
New mortgage - £25,000.
Further advance - £5,000