interest only remortgages

	Interest Only Remortgages

Looking for interest only remortgages?

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An Interest Only remortgage is one whereby your monthly payments consist solely of interest payment and not any capital repayment element. Therefore the balance size of your mortgage will remain the same, and will not be reduced at all by your monthly payments.

If taking out an interest only remortgage, you must consider how the mortgage will be repaid at the end of the term. Interest only remortgages 'should' be supported by a suitable repayment vehicle, so that the mortgage balance may be paid off in full at the end of the term. It can be useful for people purchasing a new property to pay interest only over an initial period, to keep their repayments low whilst setting up home. It is then possible to switch on to a repayment option when the time is right, so that you have the certainty that your mortgage will be repaid in full at the end of the term. It is important to note that should you fail to pay off your mortgage (in full) at the end of the term, your home may be repossessed.

When choosing an Interest Only remortgage or any other type of mortgage, we believe it is best to get qualified independent advice.

We believe the Best advice is Independent Advice

Our service can introduce you to independent advice companies with access to thousands of mortgage deals provided by UK lenders.

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Your home may be repossessed if you do not keep up repayments on your mortgage

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Interest only remortgages

One Click Mortgages

Trading style of Hello Finance Ltd

Registred Office:
7 Fidlas Road
Cardiff. CF14 0LW
TEL: 0800 655 6714

Hello Finance Ltd is an 'introducer' of clients to regulated Mortgage Brokers and may receive a introductory fee
from the mortgage broker for such a service. We make no charges to you for our service.