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Interest-only mortgages have come under increased pressure from the Financial Conduct Authority in recent years due to mis-selling. However, the fact remains that an interest-only mortgage can often be an ideal solution for a particular client. It is vital that you get both the correct advice on which repayment vehicles are permissible, and help in navigating this complicated area. I will give you the facts that you need.
Your home may be repossessed if you do not keep up repayments on your mortgage.
*It is your responsibility to pay back capital borrowed at the end of the mortgage term