• Tel: 01444 410 276
  • Foundation Financial Planning, 2nd Floor, 38-42a South Road , Haywards Heath, West Sussex, RH16 4LA, front entrance next to HSBC Bank
  • RH16 4LA

Interest Only

Interest only mortgages which have also been called 'endowment mortgages' or 'pension mortgages', are a mortgage where only the interest is repaid. At the end of the term you will still owe the amount you originally borrowed and how you repay this is up to you. Most lenders will require some form of proof such as an investment plan, pension or other method that you will be able to repay the debt normally before your retirement age.

Also see -

Flexible and Offset Mortgages

Repayment or Capital and Interest Mortgage

Equity Release, Home Reversion Plans & Lifetime Mortgages

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Our core principle is to 'add value effectively'.


 

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