Interest Only Mortgages
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What are Interest Only Mortgages?
Interest Only Mortgages, is where you only pay off the interest on the amount you borrow. Which will not reduce the amount owed.
With this type of mortgage you use savings, investments or other assets you have (known as repayment plans) to pay off the total amount borrowed at the end of your mortgage term.
The repayments are cheaper than other types of mortgages.
Find out how our panel of Specialist Mortgage Brokers can assist to find the right deal for you.
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