Mortgage With Interest Rolled Up
Best Lifetime Mortgage Rates
Mortgage With Interest Rolled Up
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- 3.84% Initial
- 5 year fixed
- 6.4% APRC
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Cashback £0Free LegalsFree Valuation
- Get quotes
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- Halifax
- 3.85% Initial
- 5 year fixed
- 6.7% APRC
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Cashback Max £250Free LegalsFree Valuation
- Get quotes
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- Halifax
- 3.85% Initial
- 5 year fixed
- 6.7% APRC
-
Cashback Max £250Free LegalsFree Valuation
- Get quotes
-
- Lloyds Bank
- 3.86% Initial
- 5 year fixed
- 6.7% APRC
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Cashback Max £250Free LegalsFree Valuation
- Get quotes
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- 3.89% Initial
- 5 year fixed
- 5.9% APRC
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Cashback Max £1,250Free LegalsFree Valuation
- Get quotes
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Mortgage With Interest Rolled Up
The option to roll up interest can be used in a number of situations. We outline two scenarios below:
Lifetime mortgages
A lifetime mortgage is where you take out a loan secured against your property, which does not need to be repaid until you move home or you die. Interest is rolled up so there are no monthly repayments.
With a lifetime mortgage you can stay in your home and there are no monthly repayments; You can choose to make monthly or sporadic interest repayments with some lenders.
It is important to note that as interest is rolled up, the interest will compound.
Short-term mortgages or Bridging Loans
Are you looking for property finance from 1 to 12 months? With short term finance you can access funding where interest is rolled up for a property purchase on either a first or second charge basis.
Our special features include:
- From one month
- From £25,000 to £25 million in 1st and 2nd charge loans
- Term - One to 36 months
- Individuals, limited companies, sole traders and partnerships can apply for bridge loans
- Lowest Rates - Access to leading bridging loan deals
- Fast turnaround - speak with us today if you need a fast turnaround
- Roll-up interest - interest is paid at the end of the term. 5 to 7 working days possible
Regardless of your age, we specialize in arranging mortgage & bridging finance.
Interest-Rolled Up Mortgages
If you plan to buy a residential home or renovate a property with the intention of selling it on, you may need the right financing in place.
Traditional lenders may not be the best choice if you need property finance quickly. Most high street lenders require a deposit, which can be up to 25% of the property's value, and applications can take months to process.
In a short term mortgage or bridging loan, the loan is used to provide a temporary cash flow solution or 'bridge' before more permanent finance becomes available.
A short term loan can be secured by commercial property, residential property, building plots or even land without planning permission - the key is the security being used.
A bridging loan can be used for a number of different reasons, including:
- For residential purchase
- Downsizing
- Development and refurbishment
- Buying at auction
- Buying property abroad
- Extending a lease
- Completing a purchase when there is a break in the property chain
Short-term loan lenders will need to know the borrower's exit plan before providing any financing. The exit plan describes how the borrower plans to repay the loan. The sale of a borrower's property is an example of an exit plan.
Choosing the right mortgage finance may require professional assistance.
Independent Advice
If you are not sure what mortgage options are suitable for your situation speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464