You'll find getting an interest-only mortgage easier through Deal Direct.
Over the last 12 months the interest-only mortgage market has contracted as lenders have withdrawn interest only products from their range.
Many lenders are no longer willing to offer residential deals on interest-only basis. The Kent Reliance, Manchester BS, Nationwide, NatWest, Platform and Precise mortgages have all pulled interest-only products from their range restricting further borrowers mortgage options.
While there are lenders still prepared to offer deals, the mortgages available often come with geographical, income or mortgage criteria restrictions which make it a challenge to find the best deal on your own. It is therefore advisable to enlist help in your quest for a good deal.
With all the changes and restrictions in place, working out who will loan to you and how much you can borrow can be a complex and time consuming business.
If you are looking for an interest-only deal the advice is to speak to an independent 'whole of market' mortgage expert.
While it is true interest-only mortgages are no longer as freely available as they once were and mortgage criteria is tight, there are lenders still willing to lend on this basis.
By making a call to an adviser at Deal Direct you will greatly improve your chances of getting accepted for a mortgage. We can help you get a tailor made interest-only deal perfectly matched to your needs.
For an interest-only mortgage at a competitive rate, speak to an impartial expert at Deal Direct on 0800 048 8828.
Call free on 0800 048 8828 for the best mortgage on offer.
