More News
More News
Residential mortgages Buy-to-let mortgages Large mortgage loans Interest-only mortgages Professional mortgages Self-employed mortgages Private banks First-time buyers Remortgages Offset mortgages Bonus income mortgages Best buy mortgage rates Foreign income mortgage Equity release mortgages Older borrowers Large buy-to-let mortgages Bridging finance Life insurance and income protection policies Contractor mortgages Ex-pat mortgages Commercial mortgages Market-Matters Market Matters Archive Best-Buys Help to Buy Large loan remortgages Holiday let mortgages Help to Buy mortgage scheme Contractor mortgages Life assurance and protection Show all Show less

NatWest is the latest lender to ease its interest-only mortgage criteria

Aaron Strutt Image

NatWest for Intermediaries is the latest lender to improve its mortgage criteria making it easier for wealthier borrowers to qualify for interest-only. 

For joint interest-only applications rather than at least one applicant having to earn £75,000 to qualify, the bank has a new minimum combined income of £100,000 per year. For sole applicants, the minimum qualifying income will remain at £75,000 per year. 

NatWest is also accepting bonus income when assessing affordability to match the affordability rules for its capital repayment mortgages. 

Aaron Strutt, product director at Trinity Financial, says: “Interest-only mortgages are popular with our clients and they are much more widely available than they were a couple of years ago. 

“Most of the lenders do not charge a premium for their interest-only deals, and there is a mixture of acceptance criteria. Our brokers have access to lenders offering part interest and part capital repayment mortgages, so a chunk of the debt is repaid. 

Santander, HSBC, Nationwide and Barclays have some of the leading interest-only policies 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation  

As seen in
sunday times telegraph financial times bbc news the express the times
Get Started

Get started today

Speak to one of our mortgage experts. Either book an appointment to come and see us, or request one of our experts to call you.

Book a Consultation Talk to an Expert