Bespoke Interest Only Mortgages
Tailored lending for clients with complex income.
Not every client fits the standard repayment model. That’s why our Interest Only and Part & Part mortgages are available exclusively through our Bespoke range - designed to support clients with more complex incomes or unique financial planning needs.
Criteria at a glance:
We’ll only consider new applications for Interest Only on our Bespoke range.
| Criteria | Bespoke Residential |
|---|---|
| Maximum LTV | Up to 75% (60% LTV on Interest Only) |
| Minimum loan amount | £150,000 |
| Minimum gross income | Sole applicant: £50,000 Joint applicants: £75,000 (if one earns less than £50,000) |
| Minimum equity | £250,000 at start of mortgage |
| Repayment type | Interest Only or Part & Part |
| Repayment strategy | Only sale of mortgaged property is accepted. |
| Affordability assessment | Can be based on Interest Only payments, with enhanced scrutiny |
| Property type | Must meet Standard Residential criteria |
| Term | Up to 40 years to age 75 |
| Currency | Income must be in GBP |
| Credit score | Must pass Bank of Ireland credit score |
| Remortgage term requirement | At least 12 months remaining on current term with existing lender |
Case studies:
See how we’ve supported clients with one of our Bespoke Residential Interest Only mortgages.
Bespoke Residential Interest Only case studies
- Applicant one was an employed software engineer for seven years and applicant two was an employed director. They had a combined income of c£286,000. The applicants had used unsecured credit whilst undertaking home improvements and wanted to clear this as part of the remortgage.
- The applicants wanted a part repayment and part interest only mortgage. We agreed to lend 60% LTV on the Interest Only part and the remainder on capital and interest up until applicant two's 75th birthday.
- The applicant had been employed as a Research Director for three years earning £166,000 and wanted to do a like for like remortgage.
- As the applicant’s occupation meant it was plausible to work until age 75, and they were going to downsize in five years’ time we agreed to stress affordability on Interest Only and lend to age 75.
Next steps?
Explore our full Residential Lending Criteria
Check your client's suitability for a Bespoke Interest Only mortgage
Search our Residential Bespoke products
See our current rates for Interest Only Bespoke
Get in touch with your dedicated support
Speak to us if you've got a case you'd like to discuss