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Interest-Only Mortgages in General


Interest-Only Mortgages


It is important to remember that with an interest only mortgage all repayment vehicles used to repay the mortgage at the end of the agreed term are long term arrangements and the returns could be small, possibly less than the contributions you have made if you were to cancel early.

In addition at the end of the agreed mortgage term if you cannot repay the mortgage you will have to continue to make interest payments to the lender each month until the loan is finally repaid.

It is always your responsibility to ensure that any investment plan or life policy is maintained.

 


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