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

Case study

Emily

Owns a £300k Shared Ownership house

35, Nurse on £50k

Now has 10% equity and wants out of renting it

C&I = £2,061 unaffordable

40% on IO = £1,868 affordable

She now owns

100% of her home

She now participates 100% in house price growth
Pays off more of the capital than she did on Shared Ownership
With £200k equity at the end to downsize