How does it work?

Your monthly payments represent only the interest due to the lender, and do not include repayment of capital. Your total loan must be repaid at the end of the mortgage term. You therefore need to arrange additional investments which will generate sufficient capital to repay the loan.

ADVANTAGES:

1. You can choose from a variety of investments, some of which have tax advantages.
2. Should you move or arrange a remortgage, your investment can usually be reallocated to the new mortgage.

DISADVANTAGES:

1. Unlike a repayment mortgage, the amount of debt outstanding does not reduce over time
2. There is no guarantee that the investments chosen will grow sufficiently to repay your loan.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

For Mortgage advice, you can choose how we are paid. We can accept a £250 fee and commission from the lender, or you pay a fee of £50 per hour. A mortgage usually takes 10 hours to arrange so our fee would be £500, or we can be paid by a combination of both. For sub-prime cases, there will be an upfront fee of £500.