What happens when my Interest Only Mortgage Ends?
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When your mortgage is due to be settled it can be daunting if you don’t have a repayment plan in place. Later life mortgages are designed for the over 55s and provide a solution for repaying these mortgages.
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What Happens When My Interest Only Mortgage Ends?
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When your mortgage is due to be settled it can be daunting if you don’t have a repayment plan in place.
Later life mortgages are designed for the over 55s and provide a solution for repaying these mortgages.
Compare the market today and take a weight off your mind.
expert@comparemyequity.co.uk
What happens if you can't pay off your interest only mortgage?
Lifetime & retirement mortgage brokers have access to a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender.
There are later life home loans that still allow monthly payments to be made.
Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages.
A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.
How can a broker help you choose the right solution?
Lifetime & retirement mortgage brokers have access to a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender. There are later life home loans that still allow monthly payments to be made.
Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages. A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.