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The difference between interest-only and repayment holiday let mortgages
Manage episode 402876846 series 3547024
Treść dostarczona przez HCH Financial Services. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez HCH Financial Services lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
The HCH Mortgage Podcast shares everything you need to know about holiday let mortgages.
The show is brought to you by HCH Financial Services – a new brand powered by Holiday Cottage Handbook and HD Consultants. HCH Financial Services offers access to a comprehensive range of holiday let products, in addition to providing life insurance, will writing, and other services.
In today’s episode, Holiday Cottage Handbook Founder, James Varley, and Samantha Turmaine, Lead Consultant for HCH Financial Services, outline the differences between interest-only and repayment mortgages.
2:09 The key facts about interest-only and repayment mortgages
3:08 Why investors tend to opt for interest-only products
4:10 The cost difference between interest-only and repayment deals
5:16 Interest-only options help to pass lender stress tests
6:18 Repayment strategies for interest-only mortgages
7:25 Selling the property is another repayment strategy
7:57 How mortgage overpayments work
9:40 Investors looking to scale will focus funds on acquiring properties
10:16 60% opt for interest-only, 35% self-fund, and 5% use repayment products
11:32 How interest-only products can be a wealth creation tool
14:52 The best holiday let mortgages currently available (fixed, variable, and tracker)
Links:
HCH Financial Services: www.hchfs.co.uk
Call: 0333 1234 536
Email: advice@hchfs.co.uk
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