70% LTV Interest-only mortgages with a 30% deposit – what are your options?

If you want to find a 70% LTV interest-only mortgage then you are best off enlisting the services of an independent 'whole of market' mortgage expert to find you a deal.

Interest-only mortgages are no longer as readily available as they once were. Mortgage choice is now limited and you may find you have to search long and hard to find a lender whose criteria you fit.

Each lenders rates, mortgage criteria, minimum income requirements and accepted repayment vehicles differ so it can be quite a challenge to get your application accepted. By using an independent and impartial broker you will increase your chances of getting an interest-only offer.

Why choose Deal Direct to find you a mortgage?

• We offer free independent and impartial advice. We tell you what you need to know.
• We have access to all interest-only products market-wide.
• We are fully up to date on lenders mortgage criteria so we know what you need to provide to improve your chances of mortgage acceptance.
• We are here to get you the deal which is the most affordable and best suited to your needs.
• We get you the best mortgage on offer for your deposit level.

Getting an interest-only mortgage offer.

There are still a few lenders offering interest-only at 70% LTV. These include the Furness BS, Cambridge BS and even Virgin has a mortgage on offer. However lending criteria is tight. Virgin for example will not lend to first time buyers and applicants are required to have a very large income to be considered for a deal.

To find out who would lend to you on an interest-only basis and at what rate, you are advised to call Deal Direct on 0800 048 8828. Speak to one of our adviser and let us find you a competitive deal.

Call 0800 048 8828 for a no-obligation personalised mortgage quote.