Introductory Rate , small interest Home Loan

These loans allow a low interest rate for an Introductory period: then they revert to the Standard Variable rate. The benefit is, this allows a Home Buyer an initial lower repayment, while one may be paying off the inital costs of home buying. One must be critically aware, that the repayments will rise, after, for example the first year. There may be high closure fees for discharging the loan early, within the first five years. Of course, one should consult your Mortgage advisor, in order, to check if this loan is suitable.

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