Over recent years some lenders have moved away from interest only altogether or have implemented more criteria around interest only lending which can make it difficult for people to obtain an interest only mortgage. If you have been rejected for an interest only mortgage, or any other type of mortgage, contact us today and see if we can find a suitable solution for you.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender.