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A deferred interest rate mortgage allows you to make lower repayments than the actual rate of interest charged for an agreed period of time. The difference between what you would have paid normally and the amount you actually paid, is then added to the capital sum of your mortgage.
This can be a very expensive way of arranging your loan as interest is charged on the deferred amount of interest in addition to the original capital borrowed.
Your property may be repossessed if you do not keep up repayments on your mortgage.
MSOL is a trading name for Mortgage Solutions.
Mortgage Solutions is authorised and regulated by the Financial Conduct Authority for residential mortgages and non investment insurance business.
Loans subject to status - For UK residents only.
The Financial Conduct Authority does not regulate some investment mortgage contracts. Calls may be recorded for training and compliance purposes.
FCA registration number is 303379.
Mortgage Solutions Tel: +44 1305 776311 email:admin@msol.co.uk