Interest Only

Buying a property can be the biggest decision made in our lives. It is for this very reason that obtaining impartial advice from qualified advisers is critical.

With this type of mortgage you are only paying interest each month. This means that although your payments will be lower, the amount you borrow will still be outstanding at the end of the mortgage term. You'll need to make alternative arrangements to pay off the mortgage to avoid the property having to be sold, such as taking out an ISA.

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