/ Author: SPF

There are times in life when having lower monthly mortgage repayments and more money to hand can be a real benefit.

You might be starting up a business and need to improve cash flow. Perhaps you have university fees to help out with, so you want to reduce outgoing payments? Or, would you just like to enjoy a long retirement with more money in your pocket?

With an Interest Only Mortgage you can significantly reduce your monthly payments, giving you more financial freedom when you need it.

To obtain an Interest Only Mortgage, you’ll need to have a Loan to Value of less than 65% and should know from the start how you plan to repay your capital at the end of the term, whether it’s from the sale of another property, the maturity of investments or a pension fund or possibly from the from the sale of the property itself.

To find out more, call us on 715234 or email mortgages@spf.gg


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