Interest Only Mortgages and Remortgages
Find an interest only mortgage through a specialist lender
Specialist lenders offer mortgages for people that do not fit standard mortgage or remortgage criteria. This can be for a number of reasons, but primarily due to credit problems or self employment.
Specialist lenders realise that people coming to them often need a helping hand in getting back to full status to enable them to get a prime mortgage deal. They have taken this into account and often offer interest only deals.
These deals provide you with the opprtunity to keep your mortgage payments down whilst paying into the loan rather than just paying rent. An added bonus is that your "on time" monthly mortgage payments will improve your credit so that you can later move on to a more favourable offering.
It is worth noting that it is not only specialist lenders that offer adverse credit mortgages. You may be able to get a deal through a high street lender, or a division of a well known bank. If you are at all unsure as to what you should do it is worth taking information from a mortgage broker that knows about specialist mortgages.
Brokers will be able to guide you along and tell you what criteria you will need to satisfy. They can be invaluable as they will make a very complicated process seem relatively stress free. They will help you through the application forms, through the application process, liaise with solicitors, and take you through to completion of your specialist mortgage.
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.