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Interest Only Mortgage Customers

22 May 2017

Legal & General Home Finance have been looking at Later Life Lending and in particular Interest Only customers. 

Did you know that it is estimated that: 

  • There are 3.3 million interest only mortgages in the UK
  • Up to 1 million households don’t have a repayment plan in place
  • The average shortfall is £71,000
  • Property prices have grown 43 times between 1971 and 2011 

Take a look at their informative leaflet here to see whether downsizing is the solution or exploring the possible role of a lifetime mortgage.  

If you wished to contact your interest only mortgage customers to discuss their options, we have created these templates for your use.

Interest Only Letter 0-3 Years Pre Maturity

Interest Only Letter 5-7 Years Pre Maturity

Interest Only Letter 7-10 Years Pre Maturity

Using an Ipad

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