Are there ANY interest only mortgages available now?

My sister and husband have a fully legal property , 6 years old, on an urbanisation.  The habitation licence has only been issued in the last 12 months and some debts from the builder to the town hall were on their deeds but have now been taken off.

During the past few years they have been trying to take some equity out of the house, but because of the "debts" and lack of habitation licence there have been problems.

Now they find that the mortgage deals they could have had are not available.

They are also not "spring chickens".  However, they do not want a large LTV loan.

Are there any interest only deals out there?  I think they were also looking for a non-status deal, but I am not sure if this is still the case.

Hi busybee

To be honest they are going to find this very difficult.  There are no Non Status products available and very few equity release mortgages.  One example is a 60% LTV with 5 years Interest Only, term to age 70.  I am guessing they live here in Spain in the property and cannot prove income?   This product would require full proof of income, tax, debt etc and depending on their age they may not qualify for the full 5 years on Interest Only. 

Thank you.

I have forwarded the information on to my sister.