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Interest
only mortgage loans UK |
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| UK Interest only
mortgage loans differ in that the borrower only pays off the interest on the capital
borrowed. These payments are also accompanied by regular payments into some form
of investment fund such as an ISA or pension which will be used to make full repayment
at the end of the term. If you are thinking about interest only mortgage loans
then you will need to seek advice from an independent financial adviser. It is
important to understand that this is not a failsafe plan, and that if the investment
does not do as well as it was expected to and does not cover the initial capital
loan then you could lose your property altogether. Property investment buyers often find that
the repayment mortgage
is a more tempting choice of mortgage product as it offers them more security
than the UK interest only mortgage loans. |
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