Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

Should I chose an interest only or repayment (capital and interest) buy to let mortgage?

This decision will very much come down to the individual’s investment strategy. The repayment route is often suited to investors using property as an alternative pension plan, or looking to build a small property portfolio. With capital and interest repayments, the investor can be sure that at the end of the mortgage term the full loan amount will have been repaid.

The interest only route is often more popular with professional landlords and property investors looking to grow their property portfolio. By choosing this strategy the investor has the cash flow to re gear their property capital allowing them to increase the number of properties in their portfolio.

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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