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Up to 90% LTV Mortgage and Remortgages |
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Mortgage Brokers in:
Keep Repayments Down With An interest Only Mortgage
An interest only mortgage is designed to offer the lowest payment possible, as you are not paying any of the balance of the loan off. Due to the lower payment, you may be able to afford a more expensive property with your budget.
An example of how powerful this tool can be illustrates why this option has become popular:
On a £250,000 mortgage at 6.000% for 30 years-
Principal and Interest payment= £1498.88
Interest Only mortgage payment at 6%= £1250.00
Total Monthly savings= £248.88
The mortgage or remortgage process is easier with our partner mortgage brokers. The brokers have been chosen because they provide a fast and efficient service and have proven reliable to our visitors in the past.
Mortgages can be classified by type and then by their features. Below are the major types of mortgage as classified by mortgage brokers and mortgage lenders. Within these "mortgage types" are different mortgage products with different features. For example, you can get Fixed rates, variable rates, no redemption fees, base rate trackers, 90% mortgages, and interest only mortgages. For more information on mortgage criteria and terms take a look at our alphabetical mortgage glossary.
USEFUL RELATED SITESInterest
Only Mortgage and Remortgage Brokers Interest
Only Mortgage, Jumbo Mortgages, Commercial Loans Interest
only Mortgage - A short guide to Interest only Mortgage |
| Known as adverse credit mortgages or remortgages these are for people with ccjs, missed payments and defaults. | The self employed may require a "self cert mortgage". This can be for anyone with difficulty proving income | People wanting 2nd mortgages and those with property portfolios will need a Buy-To-Let Mortgage. |
| First Time Buyers will not have a mortgage history and will fit into a certain box for mortgage lenders | With an excellent credit history people can benefit from the best mortgage products on the market. | Business Mortgages are a distinct mortgage type that have different criteria to residential mortgages |
If you are looking to secure your mortgage or remortgage finance, would like some advice, or just want some quotes, fill the form on the left or click the button below-
