This is predominantly a 2nd charge product designed to allow capital raising for either Buy to Let, High Net Worth, or Commercial clients. It can be used as a 1st charge loan but only against Buy to Let property.
The term is from 1 to 5 years and there are no monthly repayments to be made. At the end of the term the amount you repay is determined by the percentage increase in the Halifax House Price Index (subject to a minimum).
Other than a minimum borrowing of £25,000, equity is the only requirement for this loan, no other criteria are applied.
- For Buy To Let and High Net Worth clients and those borrowing for a commercial purpose
- No monthly payments
- Repayment amount is linked to any growth of the Halifax House Price Index*
- 2nd charge only (except on BTL)
- 1-5 year loan term
- Determined on a case by case basis
- Minimum loan size of £25,000
- Arrangement fee of 2%
- No limit on applicant age
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