Interest Only Mortgage PDF Print E-mail



This type of mortgage, as the name implies, means that as a borrower you only pay interest on the money you have borrowed back to the lender.  Therefore as you are only paying interest the lender will not get back the money they have lent you.

 

In this instance you will need to have a “repayment strategy” to ensure the lender gets their money back.  There are varying options depending on your circumstances and this type of mortgage should only be undertaken after receiving the appropriate kind of advice.

 

For further information please contact us here or call Richard on 0845 430 8676.

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Roxburgh Financial Management is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Services Authority.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


WE DO NOT NORMALLY CHARGE A FEE FOR MORTGAGE ADVICE, HOWEVER THIS WILL BE DEPENDENT ON YOUR CIRCUMSTANCES. IF A FEE IS CHARGED OUR TYPICAL FEE IS 0.5% OF THE LOAN AMOUNT


SOME OF THE ABOVE PRODUCTS AND SERVICES MAY NOT BE, OR ARE NOT, REGULATED BY THE FINANCIAL SERVICES AUTHORITY.


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