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Interest Only Mortgages DO YOU HAVE AN EXISTING INTEREST ONLY MORTGAGE THAT IS COMING TO AN END AND YOUR EXISTING LENDER WILL NOT LET YOU EXTEND IT?
* You must be aware that with an Interest Only mortgage the capital borrowed will not be reducing. You must ensure that you have some plan as to how you intend to pay the capital back at the end of the term. Failure to do so would mean that the full balance of the mortgage would be still owing. | ||||||||||||||||||||||
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