Mortgage hunting and over 55? Contact mortgage broker, Deal Direct.
A number of borrowers, who are 55 or over, have found that they are coming to the end of their existing interest only mortgage, but still have a balance to pay. If this is the case, it may be possible to find another interest only mortgage option.
Shawbrook Bank, for instance, has recently launched a range of 3 and 5 year fixed rate interest only products. They are available for up to 50% LTV and start from 5.50%.
5 to 15 year variable rate terms are also available and start at a rate of 5.25% for up to 50% LTV.
This may be of interest if you are seeking to help someone from your family onto the property ladder or you may want the funds for home and/or garden improvements. Whatever your reason, independent mortgage broker, Deal Direct, can help you find a mortgage that satisfies your criteria.
Other lenders are also realising that the over 55’s can continue to make mortgage repayments, even if they have retired. A variety of deals are offered by lenders across the UK, however, Deal Direct’s experts can immediately help to narrow the search, according to your particular requirements.
Our advisers are knowledgeable and very experienced and act only in your best interests. This very often means sourcing a much more affordable deal than if you went direct to a lender yourself.
Don’t miss out and speak to Deal Direct today and compare interest only mortgages.
Call us on 0800 048 8828, or click below for an instant quote.
