Choose the best repayment mortgage through Deal Direct
Straightforward repayment mortgages have become a more popular choice since the announcement of changes to interest-only mortgage criteria.
For a long time interest-only mortgages enabled many cash strapped property buyers to climb on the ladder while limiting their monthly outgoings.
While interest-only deals provided a short term option for many buyers, long term prospects for some have are not so good as many mortgage-holders have neglected to put in place a repayment vehicle.
Without an adequate investment to build up funds to repay the capital owed at the end of the mortgage term, many are likely to be faced with the prospect of having to sell their home.
Many lenders who have mortgage holders on interest only deals no longer conforming to their lending criteria would prefer interest only borrowers to switch to a repayment mortgage.
For those interest only mortgage holders able to switch deal how can you achieve the best repayment deal?
The first thing to do is contact Deal Direct.
Our skilled advisers are dedicated to finding cash strapped interest only mortgage holders the best repayment deals on offer.
We understand the urgent need to switch to a repayment mortgage to ensure that both the capital and interest owed will be repaid in full. Much has been made of this issue with reports of 'mortgage prisoners' becoming trapped into their current mortgage.
Contact Deal Direct now and search the mortgage market to source a competitive repayment deal for you.
Call an adviser today.
