Santander is reducing the maximum loan to value on its interest-only residential deals to 50%, in a move it hopes will encourage some borrowers to select a capital repayment mortgage.
The previous maximum LTV was 75%. A spokesperson for Abbey for Intermediaries said: "Following a review of our interest-only criteria, we have taken the decision to reduce the maximum LTV on our residential...
Granted leave to appeal the judgement
All managers will move to Charles Stanley
£105,000 worse off
'Gap between value and price as wide as I have ever seen'
Five key points
400 to be made redundant
Wealth manager also considering sale
'On the surface, flat-rate tax relief is very appealing'