IFA
Independent Financial Advisor.
IDD / Initial Disclosure Document
This is a document designed to assist you in comparing the services
provided and the fees and charges made by lenders and intermediaries.
Interest Only Mortgage
This is where you only repay the interest on your mortgage debt each
month. Alongside this you will need to put money into a separate investment
vehicle which is designed to grow sufficiently to pay off your loan
when your mortgage comes to an end. You are responsible for the repayment
of the capital when the mortgage reaches the end of its term. You may
want to seek professional advice on the investment vehicle.
ISA
Independent Saving Accounts allow you to save money in tax-efficient
manner. May be suitable for repaying an interest-only mortgage.
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