Repayment Mortgage Disadvantages
It does not contain any form of savings, so there is no possibility of additional return or early repayment. However, the mortgage could be repaid early if payments are increased.
You may need to take out separate life cover to ensure the mortgage can be repaid if you die. You should consider the benefits of income protection and or critical illness insurance cover, should you become ill and be unable to work.
All our advisors at MLM are trained to the highest standard possible to ensure they are able to find the best deal for your financial circumstances.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The information on this website is for the use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
MLM Financial Ltd are appointed representatives of Openwork Limited who are authorised and regulated by the Financial Services Authority
Openwork Limited offers insurance and investment advice on products from a limited number of product providers and advice on mortgages representative of the whole market.
