Interest Only Mortgage - 80% 85% 90% 95% Loan to Value
Interest only mortgage- various loan to values
Interest only deals require a way for repaying the loan. In simple terms a mortgage is a loan from a lender to buy a property a personal loan, a mortgage gives the lender some security in that if you don’t pay the payments, the lender can repossess the house and sell the property on. As such, lending products vary depending on the perceived risk of lending the money.
Those with good credit ("prime credit situations") are seen as less risky than those with a history of missed payments ("adverse credit situations"). This means that "prime" people qualify for better mortgage rates and require lower deposits.
Buying a home with a mortgage is simply taking out a big loan. If you want to remortgage, you need to pay off that loan and take out a new loan for the whole amount. Mortgage loans provide enders with profit through the interest they charge. As suggested in the previous paragraph lenders charge interest rate they need to make a profit and to counteract the risks involved in lending to the specific borrower.
There are currently around 14,000 mortgage products on the market. Each
product offers different features and benefits that may or may not be
of use to you.
Get specific information through the headings below:
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Your home may be at risk if you fail to keep up repayments on your mortgage.
We act as an introducer to Feesaver Mortgages Ltd who are appointed representatives. Enquiries are passed to this regulated brokerage and they will contact you to discuss your mortgage requirements.