First Time Buyers Mortgages
Part Repayment Part Interest Mortgages
Part Repayment Part Interest
Mortgages – What are They?
These are
interest-only mortgage but only for the first three years. After this time you
revert to a repayment deal and can choose to increase your repayments to make
up for the shortfall in capital.
Part Repayment Part Interest
Mortgages - Advantages
The deal is
available up to 95%
LTV
. This will give you some initial extra cash to spend on
your first home.
When it
does come to switching to a repayment mortgage, you are only three years behind
in capital. The overpayments required to get back on track should be
manageable.
Part Repayment Part Interest
Mortgages - Disadvantages
When you do
switch to a repayment mortgage, the rise in monthly payments could come as a
shock.
Lenders specialising in Part
Repayment Part Interest Mortgages
These are quite widespread now - contact a mortgage broker.
Part Repayment Part Interest
Mortgages Mortgage Advice
To find out
if part repayment part interest mortgages are right for you – indeed which is
the right first time buyer for you, seek specialist, no-commitment, friendly
mortgage advice.
Features, advantages and disavantages of specific first time buyer mortgages:
100% Mortgages l Cashback Mortgages l High LTV Mortgages l Graduate Mortgages l Professional Mortgages l Mortgages with Parents l Guarantor Mortgages l Family Offset Mortgages l Mortgages with Friends or Family l Mortgages at University l Rent a Room Mortgages l Affordable Mortgages l Part Repayment Part Interest Mortgages l Interest-free Start Mortgages l Shared Ownership Mortgages l Poor, Adverse or Poor Credit Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages