A mortgage which only requires the interest charged on the loan to be repaid during the term of the loan and the amount borrowed to be repaid at the end of the term (usually from the proceeds of an investment such as an endowment or pension policy). See also Endowment Mortgage, Pension Mortgage and ISA Mortgage.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 7.9% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Our fee will depend on your circumstances, and indication is £1995. Evict Stop is a trading style of Nelson Finance Ltd (04483998), 96-98 Liverpool Rd, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4EH. Calls to 0870 numbers are charged at national rates.