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  • Can You Clear Your Interest Only Mortgage At The End Of The Term?

Can You Clear Your Interest Only Mortgage At The End Of The Term?

It’s a simple question but one often not easily answered. Are you currently paying an interest-only mortgage but have nothing in place to clear the capital borrowed at the end of the term?

Are you really only paying an expensive “rent”?

Think about it, your mortgage payment will change (increase) with interest rate rises and as long as you can afford it, you remain in your property. Then the term ends, what then? Start again? At 55, 60, 65 years old?

Where do you move to then? How do you fund your retirement while paying rent for the rest of your life?

Is this “fair” or “reasonable”?

At Negative Equity UK we don’t believe it is. We refuse to believe that you must simply accept a situation you did not create (ie negative equity due to a property crash).

Our clients get expert advice, a detailed understanding of all of their options and the opportunity to avail of mortgage debt relief by being able to sell their property, settle the shortfall and move on.

Is your interest only term running out?

We are helping 100s of clients every year whose interest only mortgage is ending. In fact, we’ve helped a large number of clients whose mortgage term has already expired.

How can we help?

Term extension - We have successfully negotiated term extensions for homeowners where the original mortgage term has expired or is expiring. Do you need help with this? Would you like to know how your lender views this? Get in touch

Sale and settlement – We have successfully negotiated 100s of cases every year whereby our clients’ property was sold and an affordable debt settlement was agreed. Does this sound like something you need to find out about? Call 0161 631 2727 or fill in the form for a call-back.

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