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Interest only mortgages are particularly attractive
to people purchasing property to rent out. By keeping the mortgage payment
as low as possible the rental income produces a surplus of cash which can
be used to cushion the impact of the occasional time when the property is
between tenants. When the property is eventually sold, the borrower benefits
from the growth in the properties value over the years. (Subject to capital
gains tax)
Please remember it is your responsibility to
ensure that a suitable investment product is in place to repay the Interest
Only portion of your mortgage loan at the end of the term or have suitable
funds available, otherwise your home will be at risk. I recommend that you
seek investment advice for this.
We have access to many lenders offering interest
only mortgages, including a number of exclusive schemes. Fill in our online
form and we will contact you shortly to discuss your individual requirements.
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