ISA Mortgage Repayment
An Interest only mortgage repaid by an ISA investment.
With an investment-backed mortgage, your monthly outgoing is split into two parts: interest on the loan and a separate payment into an Individual Savings Account (ISA). ISA’s are tax-privileged investment schemes and can comprise three components:
- Cash
- Stocks and Shares
- Insurance
You can opt for a mini or maxi ISA.