"> Dealing with your mortgage shortfall | largemortgageloans.com
Mortgage Guides
Mortgage Guides » Dealing with your mortgage shortfall

Dealing with your mortgage shortfall

With an interest-only mortgage, your monthly payments pay only the interest charges but not the mortgage itself. You will be expected to make arrangements to pay off the mortgage at the end of the term.

If you haven’t already made arrangements to do this, you should think carefully about doing so now. Talk to your lender as soon as possible as they may be able to help. You may have decided to pay off the mortgage by putting money in an investment or savings plan such as an endowment policy, Individual Savings Account (ISA), or Personal Equity Plan (PEP), or you may decide to use money from a personal pension.

The investment, savings or pension plan will need to grow to give you enough money to pay off the mortgage at the end of the term. If it doesn’t, you’ll be left owing money. This is known as a shortfall.

Download our Guide here: dealing-with-your-mortgage-shortfall.pdf

Latest Articles/News

Case Studies

There is no denying that the commercial lending sector is experiencing some…

Latest/Related News

The past few months have been challenging in many different ways, but the h…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

I had to get a mortgage with my mum: first-time buyers frozen out by banks …

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials


Live chat with
our team now