Do you need an interest only mortgage?

Ever since the credit crunch, interest only mortgage have almost become a thing of the past with some lenders now requiring over £1Million in NET assets before they will even consider lending on an interest only basis, however, in some circumstances, interest only lending is the most suitable solution, so why are lenders shying away from this type of customer?

Mortgage Magpie can introduce you to a Professional Adviser who can still access interest only remortgage or mortgage at competitive high street rates.