Following the recent rises in the interest rates, mortgage repayments are higher than they have been in the last three years. However, interest only remortgage deals are one way of freeing up more cash but with low repayments. If you are looking for a new remortgage deal, you should compare remortgages from a number of lenders before making a final decision. Interest only remortgages are attractive as they offer:
Before taking out an interest-only remortgage or loan however, remember that you will have to pay back higher repayments when the interest-only term ends, or if it is interest only for the entire term, you must have another way of paying back the capital, for example, from savings or a pension sheme. One option is to compare interest-only remortgage quotes from a range of providers. With our FREE remortgage enquiry form, we can compare the market to find you the best quotes. Simply fill in one form to compare quotes from accross the market.