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| Step 1 of 3 | About your mortgage |
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One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal. |
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Tips - Interest Only Mortgages
- Monthly instalments for interest only mortgages are considerably lower than those for repayment mortgages, making them attractive for investors looking to cash in on rising house prices.
- In the long term, a repayment mortgage is cheaper.
- You can pay off part or all of the mortgage, or switch to a repayment mortgage, at any time.
- Many people decide on this option if they see their income increasing in the future or wish to spend the extra cash on new furniture or renovations, for example. Interest only mortgages are also popular with people with fluctuating income.
- An interest only mortgage may make it possible to buy a bigger house now and save the cost of moving later.
- Endowment mortgages, a combination of an interest only mortgage and an endowment policy, may seem attractive, but there is a risk that the income from the endowment will not be enough pay off the loan at the end of the term.
The Mortgage Broker – Call us on 0800 822 3355
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The Mortgage Broker are specialists in Interest Only Mortgages. Complete the form above and One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal.
For Quotes & Advice on Interest Only Mortgages deals complete our comparison enquiry form.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
*Correct as at 15th January 2008
