Mortgages

[versed]

Hi - has anybody found a good interest only
mortgage? Any recommendations?
Thanks,
versed.

[fpl]

Interesting question. What is a good interest only mortgage to you?

There are lot's of interest only products available. However, unless you know what suits you how can you find a good interest only mortgage?

[versed]

fpl

Hi FPL - well I would say a good int.only mortgage
would be close to 5%, and be very flexible, ie moveable and 'buildable' (add more properties to
build a portfolio)?
versed.

[Gerrard]

I've found several good ones. They lend me money, I pay interest on it, everyone's happy.

Gerrard

[fpl]

Hi Versed,

Then you probably loook at floating interest only loan. One mortgage has little to do with another and when you buy the next property you I would recomment to use another lender anyway. Reason for that is to have many relationships with many lenders as lenders tend to be good weather friends and when in need they may not be helpfull. Hence, you can go to someone else who you have a relationship with.