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Podcast: The Property Podcast
Episode: ASK270: How do you repay an interest-only mortgage? PLUS: Is a periodic or fixed-term contract better?
Description: This week on Ask Rob & Rob we’ve got a question on mortgages and another question on tenancy agreements..Â
Our first mortgage related question comes from Martin in Ireland.Â
Martin is wanting a bit of advice on interest-only mortgages. He’s looking to purchase his first property with an interest-only mortgage as he knows he’ll have more of a monthly rental income.Â
However, he’s a bit unsure as to how he actually pays that loan back in the long-term, say 20-25 years down the line.Â
Ideally he would like to allow his...