Interest Only Mortgages

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Interest Only Mortgages

If you’re considering an interest only mortgages you must first understand the risks fully before taking one of these mortgages out.

Interest only mortgages appear very attractive as the monthly payments are lower than that of a repayment mortgage. Interest only mortgages are more complex than a repayment mortgage, and each lender has their own criteria which needs to met before applying.

We are here to help you understand the pros and cons so you can decide if this is the right option for you.

All mortgage applications are subject to affordability, criteria and credit status.

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