As well as whole interest only mortgages at 60% LTV, Teachers Building Society continue to offer part & part mortgages to meet the needs of their customers
Part & Part Interest Only Mortgages are available up to a maximum 75% LTV where lending over 60% is on a capital and repayment basis.
Andy Yates, Business Development Manager, said:
“For some customers, Interest Only mortgages are the best option where plausible repayment plans are in place. We have increased this LTV and widened our criteria after listening to feedback from intermediaries about the need for Interest Only mortgage options. We are delighted to be able to roll the LTV increase along with other criteria updates to everyone this month.”
