Are you searching for impartial interest only remortgage bad credit advice? Fresh Start Finance is an impartial search resource that scours the whole of the UK market for the best deals. Even if you have a bad credit history we can find a loan, remortgage or insurance offer to suit you. We don’t charge any surprise fees and we aim to make our service simple, quick and easy to understand. Call 0800 389 6345 now for more interest only remortgage advice and to arrange an immediate quote. Popular with first time buyers and with people arranging a buy-to-let mortgage, interest only deals allow you to pay off the monthly interest – without reducing the capital. This means that at the end of your repayment term you will still have to pay off the whole of the borrowed amount. However, most deals have an initial interest-only period, and then revert to a standard capital and interest rate after a few years.
It’s also possible to take out an investment-backed deal. This means that you pay off the interest but channel the money you would have spent on repaying the capital into investments such as ISAs.
One of the benefits of this type of deal is that your monthly repayments are much lower than with standard mortgages. It’s worth visiting our calculator page to find out what you can afford to borrow without overstretching your finances. It’s important to keep up your monthly payments or you could run the risk of having your home repossessed. We also offer a variety of loan and remortgage protection and insurance deals. These range from life assurance to cover for your payments should you be unable to work for a long period of time.
Find interest only remortgage advice with Fresh Start Finance
Or phone now for an instant decision on 0800 389 6345. Our friendly, experienced team are waiting to take your call!
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