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Ways we can help
If you plan to sell your property to pay off your interest only mortgage, you’ll need to think about where you’re going to live.
You may wish to:
- Use the equity from your property to buy a cheaper property with no mortgage.
- Move into a rented property or with family.
You’ll need to make sure that you have enough equity in your property to make your plan work.
Important things to consider:
- How much is your property worth and how much money will be left over after you’ve repaid your mortgage?
- How much would a cheaper property cost? Can you afford the difference?
- If you would need to maintain a smaller mortgage, how much could you afford to pay each month? And for how long?
If you’re planning to sell your property, our dedicated team can help you answer these questions. Call our team on 0330 159 7153. Phone lines are open Monday to Friday 08:30am-6:00pm.