Investment Linked Repayment
Investment Linked Repayment Mortgages
Your monthly instalments will cover interest and contributions to an investment or savings plan such as an Endowment (combining Investments with Life Insurance cover), an Individual Savings Account (ISA) or a Personal Pension Plan. The aim of the plan will be to grow the funds sufficiently to repay the mortgage at the end of the period and possibly give you a surplus.
This gives you the opportunity to invest in tax efficient savings plans and to benefit from a rising stock market. Sometimes, the plans include life cover, as with Endowment Mortgages.
However stock markets can rise or fall and your savings plan may not grow sufficiently to cover the repayment of the mortgage. You will need to monitor this carefully and increase your savings early if required.
For more information on investment linked repayment mortgages or to apply for an investment linked repayment mortgage please follow the link - Investment Linked Repayment Mortgages >
- Your home may be repossessed if you do not keep up repayments on your mortgage.
- Changes in the exchange rate may increase the sterling equivalent of your debt.
- The FSA do not regulate certain mortgages.
- The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.