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Equity release /Mortgage loan top up with PTSB rules/conditions?

jayjay2010 · 2018-08-05 21:27:40

I know that PTSB have a rule that you must have the mortgage with them for at least 2 years, but what else is considered? If the loan given is based on the equity on the house, will it also depend on income/salary, etc...? Any info at all would be appreciated

05-08-2018 10:27pm

#1

jayjay2010

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I know that PTSB have a rule that you must have the mortgage with them for at least 2 years, but what else is considered? If the loan given is based on the equity on the house, will it also depend on income/salary, etc...?
Any info at all would be appreciated

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Comments

#2 06-08-2018 9:06am

phormium

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Not specific to PTSB but all lending will be based first on income/repayment capacity and then equity/value for a top up on your property. After that most lenders as far as I know will only do top ups for home improvements to that property.

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