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Santander has joined the growing list of major mortgage lenders reducing selected mortgage rates, giving homebuyers, remortgage customers and existing borrowers more choice as competition improves across the market. The new rates have come down by up to 0.17% and they will be available on Thursday, 4 June.

Over the last few days, Barclays, Coventry Building Society, Halifax, HSBC, NatWest and Santander have all adjusted their pricing, with lenders trying to attract new borrowers and support homeowners coming to the end of fixed-rate deals. This is particularly important given the massive number of mortgage customers expected to remortgage between July and December this year, with over £154 billion in remortgage activity, according to Barclays. 

Santander’s latest changes include reductions to selected residential and buy-to-let fixed rates for new borrowers, as well as lower product transfer rates for some existing customers. Its cheapest two-year fixed rates are moving closer to the market-leading deals, which is positive news for borrowers who have been waiting for pricing to improve.

Aaron Strutt, product and communications director at Trinity Financial, says: “Santander’s latest rate cuts are another sign that lenders are competing harder for mortgage business. Two-year fixed rates are now available from around the mid-4% range, five-year fixes are becoming more competitive, and there are still tracker mortgages priced below 4%. While not every reduction is huge, rates are heading in the right direction and there are more sub-4.5% mortgage deals available than there were earlier in the year.”

For borrowers, the improving choice of fixed and tracker rates means it is worth reviewing the market before committing to a new deal. Santander may be competitive for some applicants, but other lenders could offer a cheaper rate, larger loan or more suitable affordability calculation.

FAQs

Has Santander reduced its mortgage rates?

Yes. Santander has lowered selected mortgage rates for new borrowers and some existing customers. The changes include reductions to certain residential, buy-to-let and product transfer rates.

When are Santander’s new mortgage rates available?

Santander’s new mortgage rates are available from Thursday 4 June. Mortgage rates can change quickly, so borrowers should check the latest deals before applying.

Are Santander mortgage rates now below 4.5%?

Santander’s lowest fixed rates are moving closer to the market-leading deals, with some rates starting just below 4.45%. There are now more sub-4.5% mortgage deals available, which is good news for borrowers.

Is Santander a good lender for remortgage customers?

Santander may be a competitive option for some remortgage customers, but it is important to compare its rates with other lenders. Another bank or building society may offer a cheaper rate, larger loan or more suitable affordability calculation.

Should I choose a two-year or five-year Santander fixed rate?

This depends on your circumstances, budget and view on future interest rates. Two-year fixed rates give borrowers the option to review sooner, while five-year fixes provide longer-term payment certainty. A mortgage broker can compare the total cost, fees and flexibility of both options. Santander has some good three-year fixes.

Are tracker mortgages still worth considering?

Yes. Tracker mortgages can appeal to borrowers who want flexibility or expect interest rates to fall, and some tracker deals remain below 4%. However, monthly payments can rise if the Bank of England base rate increases, so they are not suitable for everyone.

How can Trinity Financial help with Santander mortgage rates?

Trinity Financial’s brokers can compare Santander’s latest mortgage rates with deals from other banks, building societies and specialist lenders. Borrowers can call 0808 1642174 to discuss fixed rates, tracker mortgages, remortgages and product transfers.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

Many of the UK’s major mortgage lenders will issue £1 million mortgages, but not every lender will offer the same loan-to-value ratios, affordability, or repayment options. A realistic answer is that many mainstream banks, building societies, specialist lenders and private banks offer £1 million-plus mortgages. Still, the availability varies as lenders regularly adjust their maximum loan sizes and acceptance criteria. £1 million fixed- and tracker-rate mortgages also vary by lender.

For borrowers with high income, a good deposit and a clean credit history, a £1 million mortgage is often available from high-street lenders. For more complex cases — bonuses, foreign income, retained profits, interest-only, large investment portfolios or property values above £2 million — private banks or the specialist lending departments within the larger banks and building societies may be more suitable.

Nationwide for Intermediaries offers a maximum loan amount of £5 million, depending on product type and restrictions, and provides dedicated support for applications between £750,000 and £5 million. Santander also has a dedicated large loans team for residential loans over £1 million, with maximum LTVs of 85% for loans over £1 million up to £2 million and 75% for mortgages over £2 million up to £3 million.

Do all mortgage lenders offer £1 million mortgages?

Generally, yes. Some smaller lenders cap loan sizes below £1 million, while others offer £1 million loans only at lower loan-to-values or for specific property types. Lenders are usually more cautious with:

Trinity Financial's brokers have access to HSBC's High Value Mortgage Service, dedicated to loans over £1 million and Nationwide's large loan team. Coventry recently increased its residential maximum loan size to £3 million in 2025 and to £1.5 million for buy-to-let.

Which lenders offer £1 million mortgages?

Here is a useful overview of lenders commonly considered for larger residential mortgages.

Which lender has the best £1 million mortgages?

There is no single best lender for a £1 million mortgage. The best lender depends on the borrower’s income, deposits, property type, repayment method, and whether the mortgage is residential, buy-to-let, or interest-only.

Nationwide for Intermediaries, HSBC for Intermediares and Barclays for Intermediaries consistently offer large mortgage loans with competitively priced rates and low arrangement fees. Halifax also offers low rates and has award-winning service.

For example:

For some borrowers, the lender with the lowest rate may not be the best option if the affordability calculation is too restrictive. A lender offering a slightly higher rate but a larger loan, better income treatment or interest-only flexibility can be more useful.

How much of a deposit do you need for a £1 million mortgage?

Deposit requirements vary, and the absolute minimum is 5% through a limited number of lenders.  As a general guide:

Some lenders will consider £1 million loans at high LTVs, but many become more selective once the mortgage is over £1 million. Santander, for example, states that loans over £1 million and up to £2 million are available up to 85% LTV, while loans over £2 million and up to £3 million are available up to 75% LTV.

How much income do you need for a £1 million mortgage?

A £1 million mortgage usually requires substantial income. The amount depends on the lender’s affordability model, outgoings, debts, dependants, mortgage term, rate and repayment type.

Approximate income examples:

Some lenders now offer higher income multiples for stronger applicants. Recent reporting has highlighted that several large lenders have loosened income multiple rules, with some offering up to around six times income for eligible borrowers.

Can you get a £1 million interest-only mortgage?

Yes, but the criteria are stricter. High-net-worth clients often prefer interest-only, either to invest funds elsewhere or because they have an alternative mortgage repayment vehicle. 

Halifax's maximum loan available on interest-only is generally 75% LTV, while part interest-only and part repayment can go up to 85% LTV in some cases. Barclays’ intermediary criteria also reference a maximum 75% LTV for interest-only borrowing.

Are £1 million mortgages harder to get?

Not necessarily, but it depends on the lender, the applicant, and their financial situation. The underwriting may involve:

Why use a mortgage broker for a £1 million mortgage?

Large mortgages are rarely about rate alone. Borrowers often need a lender that offers the right loan size, structure, and underwriting approach.

A specialist large loan broker, like Trinity Financial, can help with:

Comment from Aaron Strutt, Trinity Financial

“£1 million mortgages are widely available, but they are not all underwritten in the same way. Some lenders are very comfortable with larger loans, while others become more cautious once the mortgage goes above £1 million.

“The key issue is often not whether a lender has a £1 million product, but whether the borrower fits the lender’s affordability model. Income structure, deposit size, property type, bonus history, school fees and repayment method can all make a big difference.

“For higher earners, business owners and borrowers wanting interest-only, it is worth checking both high-street and private bank options. Sometimes the best solution is not the cheapest headline rate, but the lender that can offer the loan size and structure the client actually needs.”

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker interest-only mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

NatWest increases income multiples to help higher earners secure larger mortgages

NatWest has made a significant change to its mortgage affordability policy, increasing the maximum loan-to-income multiple available to higher-earning joint applicants.

The lender has confirmed that joint applicants earning £150,000 or more may now be able to borrow up to 6.5 times income, provided they are borrowing at 75% loan-to-value or below. This means applicants will usually need at least a 25% deposit or equity to access the most generous borrowing levels.

A couple earning £150,000 a year could opt to borrow the maximum £975,000 in order to buy a £1.3m home at 75 per cent loan-to-value. This is providing they have a large enough deposit, a good enough credit score and minimal credit card payments or cars on finance. A five-year fixed rate of just below 4.7% with NatWest, with a £1,495 fee, would equate to paying £5,525 a month on a 25-year repayment term. 

NatWest has often been one of the more competitive high street banks for mortgage rates, and this change makes its proposition more appealing for borrowers who need a bigger loan to buy the property they want.

Why has NatWest increased its mortgage income multiples?

NatWest is clearly targeting higher-earning borrowers who are keen to maximise their borrowing potential. Affordability remains one of the biggest issues in the mortgage and property markets, especially in London and the South East, where property prices can be high even for applicants with strong incomes.

This is also NatWest’s fourth loan-to-income enhancement this year, suggesting the bank is keen to support more borrowers who need larger mortgage loans. Trinity Financial’s existing mortgage research shows NatWest had already been listed among the lenders offering higher loan-to-income options, while other lenders such as HSBC have also moved into the 6.5 times salary market for selected applicants.

How much could you borrow at 6.5 times salary?

A 6.5 times salary mortgage can make a substantial difference to the maximum mortgage available.

These figures are only examples. Mortgage lenders still run full affordability checks, including credit commitments, dependants, mortgage term, deposit size, credit score and the type of income being used.

Aaron Strutt, product director at Trinity Financial, says: “This is an unexpected move from NatWest, and it makes the bank’s proposition more appealing to higher earners looking for larger mortgage loans, especially as NatWest often has the most competitively priced mortgage rates.

“NatWest has always been a relatively generous lender, but this policy change moves it closer to the top of the income multiple market for high-earning borrowers. It is now more generous than many other banks and building societies for applicants who meet the income and loan-to-value requirements.

“That said, borrowers need to think carefully before taking on such a large mortgage. Even applicants earning £150,000 or more must be comfortable with the monthly repayments, the impact of future rate changes and the longer-term commitment of carrying a bigger debt.

“For many buyers, the issue is not that they want to borrow recklessly. They simply need a slightly more generous loan size to buy the property they want. NatWest’s change could help those applicants, particularly in higher-value areas where affordability is still a major challenge.”

Is NatWest now one of the most generous high street mortgage lenders?

For higher-earning joint applicants with a sizeable deposit or equity, NatWest’s new policy is highly competitive. A 6.5 times income multiple puts it among the more generous mainstream lenders for borrowers looking to maximise their mortgage loan size.

HSBC also advertises that Premier customers may be able to borrow up to 6.5 times income, subject to criteria and affordability checks. This shows that some major high street lenders are becoming more comfortable offering larger income stretch mortgages to selected customers.

However, the right lender will depend on the applicant’s income structure, deposit, credit profile and property type. Some borrowers may find another bank, building society or specialist lender offers a better result, particularly where bonus income, self-employed income, professional income or complex earnings are involved.

Do you need to earn £150,000 to get a higher income multiple mortgage?

No. While NatWest’s most generous 6.5 times income option is aimed at higher-earning joint applicants, there are other lenders offering enhanced income multiples to different types of borrowers.

Some lenders offer five times, 5.5 times, six times or even higher income multiples to first-time buyers, professionals or applicants meeting specific criteria. Trinity Financial’s mortgage research shows there are various higher-income multiple options across the market, although many come with income thresholds, deposit requirements or product restrictions.

This is why it is important not to rely on one lender’s affordability calculator. The difference between lenders can be tens or even hundreds of thousands of pounds.

Should you borrow 6.5 times your income?

Borrowing 6.5 times income can help buyers purchase the home they want, but it should be approached carefully.

A larger mortgage means higher monthly repayments, less disposable income and greater exposure if rates rise in the future. Borrowers should consider whether they could still afford the mortgage if their circumstances changed, if one applicant stopped working, or if mortgage rates were higher when they next remortgage.

The cheapest lender is not always the best lender if it will not lend enough. Equally, the banks and building societies offering the biggest mortgage are not always the right choice if the repayments feel too stretched.

How Trinity Financial can help

Trinity Financial regularly helps higher earners, professionals, first-time buyers, home movers and remortgage customers compare lenders offering larger mortgage loans.

Our brokers can check NatWest’s affordability alongside other banks and building societies to see which lender offers the right balance of loan size, interest rate, criteria and flexibility.

For borrowers seeking a larger mortgage, the key is to compare the market properly rather than assuming one affordability calculator gives the final answer.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

FAQs

Can NatWest offer 6.5 times income mortgages?
NatWest has increased its maximum loan-to-income multiple for eligible joint applicants earning £150,000 or more. The highest multiple may be available up to 75% loan-to-value, subject to full affordability checks and criteria.

Do I need a 25% deposit for NatWest’s highest income multiple?
The enhanced 6.5 times income option is available at 75% loan-to-value or below, which usually means borrowers need at least a 25% deposit or equivalent equity.

Which lenders offer 6.5 times salary mortgages?
NatWest and HSBC are among the lenders offering up to 6.5 times income for selected applicants, subject to criteria. Other lenders may offer five times, 5.5 times or six times income depending on income, deposit, occupation and borrower profile.

Barclays and Halifax are offering two-year trackers at 3.96%

Barclays is the latest bank to make changes to its tracker-rate mortgages by launching a two-year tracker priced at 3.96%, which is 0.21% above the Bank of England base rate.

Halifax has been offering the same rate to borrowers for quite some time, and it has undercut the current rate of fixed mortgages.

Barclays new tracker rate is available to its higher-earning premier customers buying a property, and it has a £999 product fee. Applicants will need a 25% deposit to qualify, and the minimum loan size is £5,000, with a maximum loan size of £2 million. The mortgage has no early repayment charges, giving borrowers the flexibility to switch to a fixed rate at any time. 

To qualify for Barclays Premier Banking, a customer must have a gross annual income of at least £75,000 paid into a Barclays current account, or at least £100,000 in savings or investments with Barclays.

Halifax's two-year tracker rate is 3.96%, 0.21% above the current 3.75% Bank of England base rate, with no early repayment charges and an arrangement fee of £1,499. Applicants must have a 40% deposit to qualify and pass a credit check at the time of application. The arrangement fee is higher for mortgages over £1 million.

Representative Example: A capital and interest mortgage of £400,000 payable over 30 years, initially on a 3.96% tracker rate for two years and then on a variable rate of 7.24% for the remaining 28 years, would require 24 monthly repayments of £1,905.99 followed by 335 monthly repayments of £2,687.21. The total amount repayable would be £947,965.10. This amount is illustrative and may vary, made up of the loan amount, plus interest (£549,377.76) and £1,499 (product fee), £50 (final repayment charge), £15 (completion fee). The overall cost for comparison is 6.9% APRC representative.

What is likely to happen to the Bank of England base rate?

There are fairly strong expectations that the Bank of England base rate will rise, but recent comments by the Bank of England Governor suggest a rate rise is not imminent. A Bank of England interest rate rise in July remains a possibility even as the prospect of a June hike has faded sharply, according to analysis by ING.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

Homeowners coming to the end of their fixed-rate mortgage deals could have more competitive options than expected, as some of the UK’s biggest lenders cut rates.

Market analysis from Barclays indicates that between July and December 2026, residential mortgages worth £154.5 billion will reach the end of their term. This represents a 5.1% increase compared with 2025. Barclays also says buy-to-let mortgages worth £23.3 billion are due to mature during the same period.

This creates a huge remortgage opportunity for borrowers who want to secure a new fixed rate, switch lender, reduce their monthly payments or raise additional funds.

Mortgage lenders are cutting rates again

Some of the UK’s largest banks and building societies have reduced mortgage rates over the last few days, giving homeowners, landlords and homebuyers a welcome boost.

Halifax, Lloyds, Coventry Building Society, Barclays and NatWest are among the lenders to have made changes. Mortgage rates increased earlier this year as funding costs rose, but the latest round of reductions suggests lenders are now competing more aggressively for new mortgage business.

Barclays has launched some competitive options, including two-year fixed rates from just below 4.4% for borrowers with a 40% deposit or equity. It also has a two-year tracker rate from jsut over 3.95%. Nationwide for Intermediaries has a five-year fixed rate from 4.45%, while Lloyds, First Direct and HSBC have five-year fixed rates just below 4.5%.

For borrowers with larger deposits or greater home equity, more competitive remortgage deals are now available.

Borrowers should not simply accept their lender’s product transfer

Aaron Strutt, product and communications director at Trinity Financial, said: “Millions of borrowers are due to renew their mortgage rates over the coming months, and many have been worried about payment shock. Thankfully, some fixed and tracker rates are now looking more competitively priced, which means the increase in monthly payments may not be as severe as many homeowners feared.

“The lenders are fighting to top the best-buy tables, so borrowers should not automatically accept the rate offered by their existing mortgage provider. Product transfers can be convenient, but they are not always the cheapest option. It is worth comparing the wider market, especially for homeowners with larger mortgages or those wanting to raise additional money.”

Should you remortgage or take a product transfer?

Many homeowners stay with their existing lender because it is quick and does not usually require a full legal process or property valuation. This can be useful, particularly where affordability has changed or the borrower wants a simple switch.

However, a full remortgage to another lender may offer:

• A lower fixed or tracker rate
• Better terms for larger mortgages
• More flexible affordability calculations
• Interest-only or part-and-part options
• Additional borrowing for home improvements
• Debt consolidation options
• A better deal for landlords or portfolio landlords

The right option depends on your income, property value, loan size, credit score, existing mortgage balance and whether you want to borrow more.

Why additional borrowing is becoming popular

Many homeowners are choosing to improve rather than move, especially with high stamp duty costs and more expensive moving costs. Remortgaging can be a good time to raise funds for renovations, extensions, loft conversions, new kitchens, bathrooms or energy-efficiency improvements.

Aaron Strutt added: “For some homeowners, remortgaging is not just about securing a cheaper rate. It can also be an opportunity to restructure their finances or raise funds for home improvements. This is particularly relevant for borrowers who do not want to move but need more space or want to upgrade their property.”

Landlords also face a major refinancing period

The £23.3 billion of buy-to-let mortgages due to mature between July and December 2026 means landlords also need to plan ahead. Many buy-to-let borrowers have been hit by higher stress rates, stricter rental calculations and increased tax pressure.

Landlords coming off cheaper fixed rates should check whether their rental income still fits lender affordability tests. Limited company landlords, portfolio landlords and those with interest-only mortgages may need more specialist advice.

Why speak to Trinity Financial?

Trinity Financial’s brokers compare mortgage deals from high-street banks, building societies, specialist lenders and private banks. The team helps homeowners, landlords and homebuyers secure competitive fixed and tracker rates, as well as mortgages for larger loans, complex income, self-employed applicants and additional borrowing.

Borrowers coming to the end of a fixed rate should start reviewing their options around six months before the current deal expires. This gives time to secure a rate early and switch to a cheaper deal if pricing improves before completion.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

Do all mortgage lenders offer interest-only mortgages?

Not all lenders offer residential interest-only mortgages, but many do. Typically, the banks and building societies offer interest-only loans to borrowers who meet stricter criteria. Interest-only is much more common in the buy-to-let mortgage market, where landlords often use it to improve rental cash flow.

For residential mortgages, lenders usually want a higher income, a larger deposit, a credible repayment strategy, and a credible plan to repay the mortgage. This may be in the form of a pension, the sale of the property, lump sum overpayments, UK savings or investments. 

Interest-only qualification rules are tougher than they used to be, which means they currently account for just 10% of all mortgages.

How many lenders offer interest-only mortgages? 

There is not one reliable public figure showing the exact number of UK lenders offering interest-only at any moment because criteria and products change frequently. In practice, dozens of banks, building societies, private banks and specialist lenders will consider some form of interest-only or part-and-part mortgage, but the rules vary significantly.

Mainstream lenders such as NatWest, HSBC, Halifax, Coventry Building Society and Leeds Building Society publish interest-only criteria, while private banks like Coutts and specialist lenders may offer more flexible options for high-net-worth borrowers, complex income, large loans or investment-backed repayment strategies. NatWest, for example, states that residential interest-only borrowing can be available up to 80% loan-to-value for some customers, while its intermediary criteria show part-and-part options can go up to 85% loan-to-value in some scenarios.

Which lenders have the best interest-only mortgages?

There is no single “best” interest-only mortgage lender. The best lender depends on:

For many borrowers, the best lender is not simply the one with the lowest rate. It is the lender most likely to accept the repayment vehicle, loan-to-value, income type and property.

General acceptance criteria for an interest-only mortgage

Most residential interest-only lenders assess the following:

HSBC says lenders may have minimum income requirements, typically £75,000, and borrowers need a repayment vehicle such as ISAs, savings, bonds or shares. NatWest says applicants need income of £75,000 individually or £100,000 jointly, a maximum 80% LTV, and an approved repayment plan.

Halifax says borrowers using property sale as a repayment method should allow enough time to sell before the mortgage term ends. The maximum loan amount available on interest only is 75% loan to value (or for sale of mortgaged property (SOMP) main residence 50%, 60% or 75% depending on the minimum equity requirement). On part interest only/part capital and interest repayment customers can borrow up to 85% LTV with the balance on capital and interest repayment.

Why would someone want an interest-only mortgage?

Borrowers may choose interest-only because it can:

1. Reduce monthly mortgage payments
   Payments cover only the interest, not the capital.
2. Improve cash flow
   This can suit landlords, high earners with variable income, business owners or borrowers expecting future bonuses, investment proceeds or property sale proceeds.
3. Help with large mortgage loans
   Some high-income borrowers use interest-only to manage payments on larger mortgages.
4. Provide flexibility
   Some borrowers prefer to overpay, invest separately or use a future repayment event.
5. Support tax or financial planning
   Landlords, business owners and high-net-worth borrowers may use interest-only as part of wider financial planning.

Are interest-only mortgages risky?

Yes, they can be. The biggest risk is that the mortgage balance does not reduce during the term. If you borrow £500,000 on interest-only, you still owe £500,000 at the end unless you make separate repayments.

The main risks are:

The HomeOwners Alliance explains that interest-only payments are lower, but the original loan still has to be repaid at the end of the mortgage term.

Is part interest-only and part capital repayment more sensible?

For many borrowers, part-and-part can be a more balanced option. This means part of the mortgage is on interest-only and part is on capital repayment.

For example:

Part-and-part can be sensible because it reduces monthly payments compared with full repayment, but still reduces some of the mortgage balance over time. NatWest’s intermediary criteria refer to part-and-part lending up to 85% LTV in some scenarios, with part of the mortgage on capital and interest.

Comment from Aaron Strutt, Trinity Financial:

“Interest-only mortgages are much harder to qualify for than they used to be, but they still have an important place in the market. They are particularly useful for higher earners, landlords, borrowers with large loans and clients with credible repayment strategies.

“The key issue is not just whether the lender offers interest-only, but whether the borrower’s repayment plan is acceptable. Some lenders are comfortable with sale of the property, while others prefer investments, pensions, savings or sale of another property.

“Part-and-part mortgages are often a sensible compromise. They keep payments lower than a full repayment mortgage but still reduce some of the debt. Borrowers need to be realistic about how they will repay the interest-only element because the capital does not disappear.”

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker interest-only mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage