
Interest Only mortgages require you to make a monthly interest payment only, to the lender, ie you do not repay any capital. An interest only mortgage does not reduce over the term, you only repay interest and the capital debt is as it was when you took out the loan. It is your responsibility to ensure that you have sufficient funds to repay the capital at the end of the term.
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Call us on 0800 824 7475
Your home may be repossessed if you do not keep up repayments on your mortgage
Gatehouse Insurance
Alexander House,
19-23 Fore Street,
Ipswich,
Suffolk,
IP4 1JW
T: 0800 824 7475
F: 01473 216 950
W: www.gatehouseinsurance.com
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