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| Mortgage Attitude To Risk |
Mortgages Made Easy| Category | Duration | Description |
| Cautious | Ensuring that mortgage capital and interest is guaranteed to be repaid at the end of the term is important to the client. They are not prepared to take risks with their mortgage. |
Capital Repayment |
| Balanced | Part capital repayment, part interest only. Client understands that a percentage of the mortgage is guaranteed to be repaid at the end of the term (capital repayment percentage). However, part of the mortgage is interest only and the capital aspect of this percentage will need to be repaid at the end of the term. Client understands that an investment backed repayment vehicle is required to repay the capital and that this may fluctuate to some extent. The client is prepared to take some risk for potential return on investment. |
Split mortgage (Capital repayment/Interest Only + Investment backed repayment vehicle) |
| Balanced/Adventurous | The Client understands that only the interest is being repaid on the mortgage and that the capital will need to be repaid at the end of the term. Client understands that an investment backed repayment vehicle is required to repay the capital and that this may fluctuate to some extent. The client is prepared to take some risk for potential return on investment. |
Interest Only + Investment backed repayment vehicle |
| Adventurous | The client understands that at the end of the mortgage period the lender will require the repayment of the loan in full and unless the client has sufficient capital available from elsewhere the client would either have to sell the property to repay the loan or the lender would repossess it. |
Interest Only with no repayment vehicle |
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Which of the above categories would you describe yourself as being?
Not sure? Why not contact us for advice. |
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