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Large Interest Only Mortgages

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Interest-only mortgages have been prevalent in the press and on the political agenda for the last few years as a result of miss-selling, short-sightedness and abuse of the product in some instances. As a result, many lenders tightened their criteria for an interest only mortgage.

Consequentially, the whole industry has taken stock of its position on how interest-only mortgages are used, explained and justified. Interest-only mortgage applications are now scrutinised fully, questioned, and in many cases classed as high risk.

Increased affordability criteria have led to interest-only mortgages becoming less common, particularly for high net worth individuals. However, we have access to an extensive network of lenders so will be able to take a complete view of your situation and guide you in the interest only mortgage market.

What do I need to know about large interest only mortgages? 

If you would like an interest-only mortgage, it’s necessary to be able to justify why this is the most sensible option. There must also be an exit strategy in place to repay the capital at the end of the mortgage term.

Repayment plans generally need to be documented, and interest-only should never be used if the borrower can’t afford the monthly payments on a capital and interest mortgage.

Secondary property, bonus income, stocks and shares can all be used as leverage – or a mixture of interest only and capital and interest can also be a good option.

For higher levels of borrowing or low loan to values, interest-only is still readily available. For high net worth individuals with a strong financial profile and the ability to repay the mortgage, this type of mortgage makes sense – especially from a long-term planning perspective.

How can Enness help with large interest only mortgages? 

In our view, interest-only mortgages are an important product for many, especially in London.

It’s a viable product for people whose income is made up of large bonuses or commissions, and it’s also sensible for those who plan to live in their property for a short time, or have other assets which will cover their mortgage debt.

Many of our clients request interest-only mortgages at the outset of our conversations and we are experienced in arranging such property financing. However, we will always discuss the availability of them and any other options to ensure it’s the correct route for your circumstances.

Call us +44 (0) 203 758 9393 or submit your details and a broker will get in touch.

Enness Limited needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.

Case Studies & Articles

  • Case Studies
  • Articles
View All
75% loan to value, 7 million pound property, interest-only mortgage
12th October 2020
75% loan to value, 7 million pound property, interest-only mortgage
Interest-only mortgage for £2million listed building
27th July 2017
Interest-only mortgage for £2million listed building
Refinance of £1million+ mortgage on interest-only basis
10th April 2018
Refinance of £1million+ mortgage on interest-only basis
Large interest-only mortgage for £3.75million property in London
1st May 2018
Large interest-only mortgage for £3.75million property in London
View All
Lack of large interest only mortgage options hitting large mortgage clients
3rd July 2012
Lack of large interest only mortgage options hitting large mortgage clients
Why the interest only mortgage is alive and well – if you know where to look
20th October 2012
Why the interest only mortgage is alive and well – if you know where to look
Major lender restricts interest only lending to high value mortgage borrowers
13th December 2013
Major lender restricts interest only lending to high value mortgage borrowers
The Million Pound Interest Only Mortgage is Back with a Bang
21st October 2015
The Million Pound Interest Only Mortgage is Back with a Bang
Shawbrook Bank launches interest-only mortgages for pensioners
29th January 2016
Shawbrook Bank launches interest-only mortgages for pensioners

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Mortgages
  • Large Mortgages
  • Bridging Finance
  • International Mortgages
  • Complex Mortgages
  • Specialist Finance
  • Securities-Backed Financing
  • Mortgage Services for Private Client Advisers
Insights
  • Case Studies
  • Blog
  • Press
  • Guides
  • Video Library
  • Webinars
  • Our Best Mortgage Products - February Edition
About Us
  • Overview
  • Testimonials
  • Careers
  • Meet The Team
  • Get in touch
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Important Information

Enness Limited is directly authorised and regulated by the Financial Conduct Authority.
You can check our details on their public register through fca.org.uk using our firms’ reference number 565120. Registered address: 116 Baker Street, London, W1U 6TS. Registered in England and Wales under Company No. 07760090

Enness (Jersey) Limited is an unregulated company registered in Jersey with the company number 127668. Our registered address is Office 17, First Floor, International Finance Centre 5, The Esplanade, St Helier, Jersey, JE2 3BY.

Enness International SARL is registered in Monaco. It is authorised to conduct activities relating to strategy, business development and public relations with regards to projects in connection with the Enness Group. It does not give banking or financial advice and the information contained on this website is not an invitation to buy or sell securities.

Enness Mortgages LLC is incorporated in the International Free Zone Authority in the United Arab Emirates, under Licence number K54351DCS. It is a limited liability company authorised to carry out mortgage consultancy business within International Free Zone Authority in the United Arab Emirates. Registered address: Kidnah, Block A, Plot 4, Fujairah, UAE. 

Enness (Switzerland) GmbH, who’s registered office is located in Feusisberg Switzerland, is authorised to conduct activities in regards to marketing and business development with regards to projects in connection with Enness Group. It does not give banking or financial advice and the information contained on this website is not an invitation to buy or sell securities.

IF YOU ARE CONSIDERING SECURING OTHER DEBTS AGAIN YOUR MAIN HOME, SUCH AS FOR DEBT CONSOLIDATION PURPOSES, PLEASE THINK CAREFULLY ABOUT THIS AND CONSIDER ALL OTHER OPTIONS AVAILABLE TO YOU. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

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