interestonly

They can slash your monthly mortgage payments – but is it reckless to take an interest-only deal?

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For many people, the Covid pandemic has brought unexpected changes to their financial circumstances.  Some have been placed on furlough or made redundant, while others will just want to be more cautious when it comes to their monthly budget.  Taking out an interest-only mortgage is one way to reduce your outgoings in the short term. … Read more

Vernon Building Society launches offset retirement interest-only deal

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Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance.  But … Read more