We have an interest only maturity advice service to help you find practical solutions to deal with your mortgage when you've not got the money available to repay the outstanding balance. We provide free and impartial advice to help you understand your options and ensure you have the knowledge and confidence to make informed decisions.
Once we establish the options with your existing mortgage provider, we’ll search the whole market to identify your residential mortgage, retirement mortgage and equity release alternatives.
If re-mortgaging is not an option we can discuss downsizing or an alternative solution and ensure you get the advice and support you need to make the right choice.
To create a safe environment in which to explore your options our advisors are salaried with no sales targets, bonuses or commission. That way the only basis for any recommendation is that it’s right for you.
How can I repay my matured interest only mortgage?
Once we understand the options with your existing mortgage provider, we will work with you to establish what alternative solutions you can consider.
Residential mortgages could enable you to remortgage to an alternative provider offering a longer mortgage term. It would require repayment in the future but could give you breathing space to consider your long-term plans.
Equity release refers to products designed specifically for those in or near retirement. Designed to last until your home is sold, lending is based on age and property value more than affordability. You can also choose to make monthly repayments or repay what you owe when your home is sold.
Retirement mortgages bridge the gap between residential and equity release mortgages. Subject to affordability these products could allow you access to lower interest rates and greater flexibility.
We will talk you through the advantages and disadvantages of any recommended solution, so you’re in a position to make an informed choice. If there are no suitable solutions, we can help you proactively explore other options such as downsizing.