Remortgaging an interest only mortgage
If your interest-only mortgage term is coming to an end and you’re looking for the best-in-market rates, the specialist mortgage brokers at CLS Money can help you track down a deal that suits you perfectly.
We specialise in helping our clients remortgage their homes on an interest only basis. With unrivalled access to a huge range of High Street names, private banks and specialist lenders, our expert brokers have the knowledge and the resources to find a new deal that’s both cost-effective and well-suited to your longer-term financial aims.
We support you through the entire remortgage, taking care to explain the ramifications of every decision you make, so you emerge from the process feeling 100% confident in your new interest only mortgage plan.
Remember, if you enter into another interest-only arrangement, you will need to make sure you have an alternative repayment vehicle in place that will provide you with enough funds to clear the total balance of your mortgage, when your term comes to an end. Some lenders will only accept certain investments as repayment vehicles, so you will need to bear this in mind when researching your options. We’ll take the time to explain each lender’s criteria to you when we’re searching for the right product.
If you would prefer to switch to a repayment mortgage, let us know. We can help you calculate how much your new monthly payments will be, on either a fixed rate or variable rate agreement.
How the remortgage process works
3 simple steps to remortgaging
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