Like with most mortgages, the higher the deposit you have available the better. A higher deposit typically means a lower loan to value (LTV) and a better rate. Some lenders will also have LTV restrictions for interest only mortgages which means they’ll only lend to a certain level of the value of the property, or require you to have a certain amount of equity left.

Open chat
Hi, let me know in as much detail as possible how we can help?