Part and part interest only

Fine-tune affordability

Full interest only or part and part interest only mortgages can be fine-tuned to help buyers access homeownership sooner.

Coin stacks growing with arrows showing increasing value

A smart first step into homeownership

Clients often have to borrow over 5x their income to get onto the ladder. Part and part offers a solution to maximise their affordability and keep their monthly payments low.

But they don’t have to stay on part and part forever.

You’re more than a matchmaker for rates and criteria

Brokers help people find homes that truly fit their lives. Interest only can be a part of that: a step toward stability, not away from it.

Don't let your clients compromise on their home or pay more each month

Boost their affordability

Get up to a 15% boost in affordability over a 30-year cap rep mortgage. This can be the difference between renting and homeownership.

Criteria highlights

Minimum income

£50k total income across the application

Loan to value

Up to 95% with part and part (a max of 80% on pure interest only)

Minimum equity at end of term

£200k outside of London and SE
£300k inside of London and SE

Repayment vehicles

Any mix of sale of mortgaged property, sale of other properties, pension, investments and endowments

Jacob and Leah, first time buyers holding the keys to their new home

IO Case study

Jacob & Leah

Want to buy their first home

£390k in London

Working in hospitality (with overtime)

£80k to £100k variable income

On a full cap-rep mortgage they’d pay around

£1,950 a month

With 50% on interest only it drops to around

£1,480 a month

Now they have the home they want with room to breathe

They’re still building equity through the repayment portion, with a buffer for the months when overtime dries up. Plus they have the option to overpay whenever their income allows.