With an Interest only mortgage, as the name suggests, you only pay the interest on the loan. You will not repay any of the capital borrowed. You will need a solid repayment strategy in place to pay off the capital borrowed at the end of the loan term.
This type of loan offers flexibility to clients that have other means available to pay off the capital debt. Fewer lenders offer these types of mortgages, but they are not impossible to place.
Peritus Private Finance is a whole of market broker, we have access to lenders that offer interest-only mortgages. Our team can find the best product to suit your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgages, we can be paid by commission or a fee of usually £495 or a combination of both. The actual amount will depend on your circumstances.
Send us a message today and our team of friendly, financial advisers will help you find the most suitable financial option to suit your current circumstances and needs.
or call us on: 0203 745 5893
