Take the Pressure Off with a Low Start Mortgage

Cheap payments for the first few years? Why not?!

Low Start Mortgage Advice

Low start mortgages are designed to take the pressure off monthly mortgage payments in the initial years of the mortgage. A low start mortgage is usually only offered as part of a repayment mortgage.

The first few years are paid on an interest only basis, no other investment vehicle is required to cover this interest only period. The monthly payments are then worked out so that the mortgage is repaid over the agreed term. For example, if the borrower took out a 25 year term mortgage with 3 years interest only they are effectively taking out a 3 year interest only mortgage which will turn into a a 22 year repayment mortgage after the initial term.

The drawbacks of this type of a low start mortgage are your monthly payments will dramatically rise after the interest only period has finished and during the interest only period no capital will have been paid. This sort of mortgage product is suitable for somebody who is anticipating a rise in salary in the future. On the otherhand if finances get worse over this period financial difficulty could result.

Why Use Mortgage Advice Center?

• Free Mortgage Quotes
• Low Start Mortgage Deals to suit your current financial situation
• ‘Whole of Market’ Advice – Unrestricted product range
• Access to all mortgage products including Remortgages
• Guidance through entire mortgage process from initial quote to completion

Get Quotes on Low Start Mortgage Deals Today

Just fill out the form on the right hand panel and an Independent Financial Advisor will get in touch with you as soon as possible to advise you on low start mortgage deals to suit your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £250