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Interest Only Mortgages

An interest only mortgage allows you to make monthly payments that just cover the interest on the money that you have borrowed. These payments do not pay off any capital of the sum originally borrowed.

 

This means that you’ll need to repay the full mortgage amount in one lump sum at the end of the mortgage or when you sell the property.

We have schemes available to age 95 and beyond or even for life.  Competitive rates are currently available but can and do change on a daily basis..

Interest Only Mortgages

If you're looking to take out an interest only mortgage or to replace an existing interest only mortgage that is coming to an end, we have High Street Building Societies and specialist lenders who will take a more flexible approach to interest only mortgages.

Call us now on 01902 765005 to discuss

all of the options available to you

Interest Only Mortgages

You may plan to repay your interest only mortgage by one of the following: -

 

Selling and downsizing

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Future inheritance

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Selling a second property that you own

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Making ad hoc lump sum payments

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You may wish to switch to some type of Equity Release or Lifetime Mortgage product in the future.

To discuss your individual situation in more detail or to obtain your free personalised illustration with no obligation, please call us on 01902 765005

Call us now on 01902 765005 to

discuss all of the options available to you

 
Your property may be repossessed if you do not keep up repayments on your mortgage.  Think carefully before securing other debts against your home. 

Berkley Vittoria Independent Financial Services is authorised and regulated by the Financial Conduct Authority.  Our FCA number is 150186.  The FCA does not regulate most Buy to Let mortgages.  We charge a broker fee of £995 for arranging any type of mortgage, this is payable on completion.

Registered Offices:  Berkley House, Wightwick Bank, Wolverhampton, WV6 8DR
The Stirrups, Claypit Lane, Lichfield, Staffordshire, WS14 0AQ.  

Registered in England and Wales No. 2667979

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©Berkley Vittoria IFS Ltd  2017.  All rights reserved.

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