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Best Interest Only Btl Mortgages

Best Interest Only Mortgage Deals UK, Just For You


Are you looking for the best mortgage deal? Are you above 55 years?
In that case, the interest-only mortgage is the most suitable for you. This mortgage can be secured against your property. Moreover, you need not have to repay until your life or when you go to long-term care.
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The interest only loan UK is an ideal solution for you. The rate of interest is fixed for a lifetime since its very start. The tailor-made solution can be provided for you based on understanding your exact needs. The amount of the loan will be determined on the basis of your age and value of your place. You can draw some amount now and can take the remaining amount when you need it in future.
The interest in this case normally rolls up but you can pay the interest so that the debt doesn’t rise. You can use the money for any legal reason or simply for increasing your income and for making your life comfortable. Anyhow, best interest-only mortgage deals UK is the best for you.
What are the Benefits of Lifetime Mortgage?
  • You will remain the legal owner of your house till your death or going into long-term care.
  • If you owe more at the termination of the plan, the debt will not be passed to your family.
  • The interest will be fixed for the lifetime so you will not be affected the rate of change in interest with time.
  • You can take an initial amount and can keep some reserve cash for future use. The interest will have to be paid only on the owed amount.
  • The interest can be paid as an interest-only mortgage or can be rolled up which will be payable at your death or when you go for long-term care.
  • It can help in lowering inheritance tax and some people can offer inheritance guarantee for securing a part of the value of your home which you can inherit to your near and dear ones.
Source URL :-  Interest Only Loan Uk


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