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Which mortgage lenders offer 'Interest Only'?
Ike1
Posts: 34 Forumite
Hi-
I'm interested in taking out an interest only mortgage when I buy a property.
I've had a look at the major mortgage lender websites (Halifax, Natwest, A+L etc) but I can't seen to find interest rates for 'interest only' mortgages. Does this mean that they do not offer 'interest only' mortgages or are 'interest only' mortgages only available at the lender's standard variable rate?
Thanks
Ike
I'm interested in taking out an interest only mortgage when I buy a property.
I've had a look at the major mortgage lender websites (Halifax, Natwest, A+L etc) but I can't seen to find interest rates for 'interest only' mortgages. Does this mean that they do not offer 'interest only' mortgages or are 'interest only' mortgages only available at the lender's standard variable rate?
Thanks
Ike
0
Comments
-
Interest rates arent dependant on the 'deal' you choose. What I mean is you can have a fixed, variable, tracker, whatever you like. Then independantly you decide if you want repayment, interest only or part and part.
Basically every lender will offer every mortgage deal on interest only (except in rare cases like extended borrowing).
HTH0 -
virtually all lenders offer interest only. Some will require you to prove your ability to repay it later on. i.e. via a pension, ISA or other asset.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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