The internet is full of comparison sites and web pages that simply show you rates and some showing associated fees. They will likely have options to show you what your payments would be on an interest only basis however these are usually misleading. Absolutely none of these sites apply any of the essential criteria you need to consider in your search for the best interest only terms.
Interest only mortgages are harder to obtain than they used to be. In fact, they are now widely regarded as a specialist mortgage area. Whilst many lenders, if asked if they do interest only will say yes from the outset, the simple fact is that there are equity, income, loan to value and exit strategy stipluations with each. Combinations of these can be very tricky to overcome and vary considerably from lender to lender resulting in many people wasting a lot of time being lead by rate tables and getting their subsequent applications declined. Their circumstances were just never going to fit from the outset. This is where we come in.
We are Independent Mortgage Brokers and will quickly explain to you the available interest only options from the whole of the market place. There are 29 lenders we have access to that offer interest only terms. We will take you straight to the best deals and lowest rates that you will qualify for, usually after an informative initial conversation which usually lasts around 15 minutes. This is what you are actually wanting, right? Answers, rates and availability?
Simply fill out the form below or call us on 01603 216881.
Rates from 1.39%
Borrow up to 75% of your property value
Range of exit strategies including Sale of Main Residence and downsizing
Capital Raising and debt consolidation available
Employed and Self-Employed
Available to age 85
You will be pleased to know that your details will be submitted to Charwin Private Clients who will not pass them to anyone else. We look forward to finding you the best mortgage available.