Interest only mortgages
Interest only mortgage overview
An interest only mortgage is a financial product in which the borrower makes regular payments to cover the interest which is applied to the initial amount borrowed. As a result there is a requirement to have other financial products or means of paying off the initial amount borrowed at the end of the term in order to meet the full financial commitments. This strategy could involve investment plans, inheritance gains or disposing of the house in question in the future.
Interest only mortgage options
The Financial Services Authority suggests that before you consider taking out a long term financial product such as an interest only mortgage that you may wish to consult a financial advisor. Our fully independent financial advisors have a great deal of experience of working with clients to research the interest only mortgage market and find a product that is right for them.
Free interest only mortgage consultations
Our aim is clear; to provide interest only mortgage advice that best fits our clients’ needs. We are able to do this as we are fully independent. We search the entire market to recommend the right product. We offer free consultations to allow you to discuss your interest only mortgage requirements with us. During this consultation, our financial advisors will discuss every element of the particular mortgage arrangement to allow you to make an informed decision as to the best way forward. To arrange your free consultation please >click here.
Please note: Your home may be repossessed if you do not keep up the repayments of a mortgage or loan secured on it.
