i was told you can get this and don’t need to prove your income as you only pay back the interest.i do not have a deposit so i would need a 100% self certified mortgage.uk only please.
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There are companies that will do these, but the interest rate will be very high. 100% self cert interest only is a big risk for the lender, so they charge high interest to make up for the risk. If you only pay baxk the interest you will need a plan for how you will pay off the loan at the end of the term.
Look for lenders through a mortgage adviser, but watch out for the small print. You won’t get a mortgage like this from a high street lender.
There are companies that will do these, but the interest rate will be very high. 100% self cert interest only is a big risk for the lender, so they charge high interest to make up for the risk. If you only pay baxk the interest you will need a plan for how you will pay off the loan at the end of the term.
Look for lenders through a mortgage adviser, but watch out for the small print. You won’t get a mortgage like this from a high street lender.
Ahwell | Apr 2, 2009 | Reply