Interest-only Mortgages - The Ticking Time Bomb
TYPICAL PROBLEMS AND CONCERNS OF PEOPLE WITH INTEREST ONLY MORTGAGES
** Did you set up your mortgage with a separate investment product that has failed ???
** Did you intend to switch to a repayment basis after a couple of years but never got round to it ???
** Has money always been too tight to start repaying the mortgage ???
** Or were you just badly advised to take out an interest only mortgage ???
Whatever the reason, the result is the same..........
IF YOU DON'T HAVE THE MEANS TO REPAY YOUR MORTGAGE WHEN THE TIME COMES YOU WILL LOSE YOUR HOME !!!
HOW STRICTLY MORTGAGES CAN HELP
We have access to a variety of possible solutions depending on your age and your circumstances.
We will carry out an in-depth analysis of your finances and advise the best long term solution FOR YOU.
This may include:
- some form of remortgage to a new lender
- negotiating with your existing lender
- helping with a claim if you were badly advised
- giving you more time to pay
- reducing your interest rate
- equity release
We will recommend whatever solution is best for you to save you losing your house and help you implement that solution.
THINGS YOU CAN DO TO HELP
- give us as much detail as you can about your circumstances
- DON'T DELAY - speak to us as early as possible because this will make it easier to find a solution