Interest Only Mortgages.
Free Advice & No Broker Fees*
Interest Only – With this type of mortgage, you are only paying the interest charged each month, you are not repaying any of the capital back. You will continue to owe the same amount and at the end of the mortgage, the capital has to be repaid. This could be repaid by an investment, an inheritance or the sale of the property. You will pay more interest than a “capital and interest” mortgage, as the loan is not reducing over the term.
Tailored Mortgages provide free specialist independent advice on interest only mortgages
and associated insurances. We offer free consultations and can arrange your mortgage without any broker fees*. Fill in our online quote form for a tailor made quote. Alternatively you can telephone us, use the email form below or feel free to visit our office. By listening to an individual’s requirements,
we are able to “tailor” the mortgage to suit them.
* We will receive a commission payment from the lender, to prove our independence you have the option of agreeing to pay us a fee - normally 0.5% of the loan amount and we would then refund the commission received back to you.
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