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Your home is at risk if you do not keep up with payments on your mortgage or other loans secured on it. |
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| Interest Only Mortgages | | INSTANT QUOTE | | Interest only mortgages It is not a condition but the borrower is expected to have some investment or other means of paying the outstanding loan when the mortgage term ends. If the performance of the investment depends on the stock market etc.
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If the stock market is buoyant then borrowers stand to benefit, which isn't the case with anyone who has taken out a repayment mortgage. However, if the economy is in decline then there's a very real chance that the investment won't meet the final mortgage settlement. Advantage with interest only mortgages are: You can choose from a variety of investment vehicles, of which some can have tax advantages. Should you move or re-mortgage, your investments can generally be reallocated to the new mortgage.
Disadvantage with interest only mortgages are: Unlike a repayment mortgage, the amount of debt does not reduce over time. No guarantee that your chosen investments will grow sufficiently to repay your loan.
But the wrong interest only mortgage can cost you more ££,£££’s than it should and independent impartial advice is essential. We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice. Why Interest Only Mortgages from Homesavers Mortgages? There are lots of great deals on interest only mortgages in the uk and Homesavers Mortgages have them ALL, we have: Access to ‘all’ interest only mortgages in the uk Every known special offer on interest only mortgages in the uk Every latest deal available on interest only mortgages in the uk Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help hundreds of people, just like you find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages. Free Phone Help Line | If you would like to talk through your options and get some reassuring advice, call our Free Phone Help Line |
Free Mortgage Quote | If you would like use to help, then filled in our simple, free, no obligation, application form |
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