Call Us Now
04
SEP
2015

1m have ‘no plan’ for repaying interest-only mortgages

Posted By :
Comments : Off

1m have 'no plan' for repaying interest-only mortgages 150904

Around a million people could have their homes repossessed because they have no way of paying off their interest-only mortgages, Citizens Advice has warned.

Read more..

  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
    Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.