Reasons Why Management of Your Interest Only Mortgage is More Essential Than Ever


March 25th, 2014

The current news of the world is sounding the death knell for the interest only mortgage. It is therefore more essential than ever before that should you still be holding an interest only mortgage you manage your risk accordingly.

In today’s world, saving up for your old age is the best way of rewarding yourself for the future. This is the reason why many people originally considered an interest only mortgage. They felt the investment vehicle selected, whether it was an ISA, low cost endowment or personal pension would create a fund surplus at the end of the term. This would have enabled them to not only repay their mortgage, but provide an additional cash sum for their pension provision. …read more

These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

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