This week I’ll be answering one of the most frequently asked questions in property investment: are interest rate only mortgages risky?
Repayment Mortgages or Interest Only Mortgages in 2023 are popular topics, especially for Property Investing Beginners who are unsure which type of property investing Mortgages are appropriate for their Property Investing in the UK. But what is an Interest Only Mortgage Loan? I’ll be explaining this and more in this week’s property education video.
Interest only mortgages in the UK are only risky if they are associated with residential property and you don’t have the correct property strategy in place to repay your interest only mortgage. So, as long as you know what you’re doing, interest only mortgages don’t need to be a risky proposition.
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