We will take you from initial enquiry all the way through to completion of your recommended mortgage. The mortgage however, is not the only thing that you should be concerned about and we strongly recommend that adequate protection is taken to cover your outstanding mortgage, as well as a suitable home insurance policy to cover the property. We will be happy to arrange all this on your behalf so that you do not have to lift a finger. With interest only mortgages only the interest is actually paid off with each mortgage payment. But you do also need to have a ‘repayment vehicle’ in place to satisfy the lender that you can pay off the capital. Here the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest. Read about the advantages and disadvantages of this type of mortgage.
