T: 01592 773 772

E: enquiries@clearfs.co.uk

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Interest Only

Interest Only Mortgages Glenrothes Fife

How does it work?

Your monthly payments represent only the interest due to the lender, and do not include repayment of capital. Your total loan must be repaid at the end of the mortgage term. You therefore need to arrange additional investments which will generate sufficient capital to repay the loan.

ADVANTAGES:

You can choose from a variety of investments, some of which have tax advantages.
Should you move or arrange a remortgage, your investment can usually be reallocated to the new mortgage.

DISADVANTAGES:

Unlike a repayment mortgage, the amount of debt outstanding does not reduce over time
There is no guarantee that the investments chosen will grow sufficiently to repay your loan.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Depending on the complexity of your case there may be a fee for mortgage advice, typically this fee is £395.

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Company address: New Law House, Saltire Centre, Pentland Court, Glenrothes, Fife, KY6 2DA
T: 01592 773 772
M: 07733 450 036
F: 01592 774757

Email: enquiries@clearfs.co.uk

Registration details: 1 George Square, Castle Brae, Dunfermline KY11 8QF
Registration number: SC312023, Scotland

Clear Financial Solutions (Scotland) Ltd is an appointed representative of TenetLime Ltd, which is authorised and regulated by the Financial Services Authority and entered on the FSA register (www.fsa.gov.uk/register) under reference 311266.

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage. Depending on the complexity of your case there may be a fee for mortgage advice, typically this fee is £395.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.