Monthly payments consist entirely of the interest due on your mortgage, so that the balance you owe is not reduced during the term.Interest-only mortgages are usually set up in conjunction with investment vehicles such as personal pensions, ISAs or endowment policies (they are sometimes generically known as endowment mortgages) designed to repay the loan at a given date assuming specified levels of growth.
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Got a question?
Speak to one of our mortgage advisers on either:
- 01279 721706
- 07796 271 801 - Alex Groom
- 07803 893 839 - Simon Reeves
Or email us for expert, impartial advice:
- alex.groom@agamortgages.co.uk
- simon.reeves@agamortgages.co.uk
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