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The Finance Directory Blog

"Interest only mortgage information repayment, looking for a great deal find out what's available in the uk."

Interest Only Mortgage

These types of mortgages are people who may already have an endowment or other repayment vehicle in place, which is designed to clear the mortgage at a point in the future.  Or your current circumstances are short term and keeping the monthly repayments to a minimum is important.

Having an interest only mortgage means the sum you borrowed or capital will remain the same.  If you were to only pay the interest for the term of your mortgage you would still owe the amount you have borrowed.  You must either have

Enter our Mortgage Directory

 
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