ISA Mortgage

What is an ISA mortgage?

An ISA mortgage is a particular type of interest only mortgage. The only difference with an ISA mortgage is that you will use an ISA (individual savings account) to save the money to pay off the interest only part of the mortgage.

Click here to find out more information on ISAs.

An ISA mortgage could be particularly attractive to you if you like the idea of an interest only mortgage, but are put off from using an endowment mortgage.

The advantages of an ISA mortgage

The main advantage of an ISA mortgage is that the savings that you need to accumulate do so free of UK income tax and capital gains tax. You can use the ISA wrapper to make your money grow faster (with the tax-free environment). This could result in better investment returns. You can use a variety of investment products within an ISA, along with lots of different investment funds.

Choosing an ISA for your ISA mortgage is not easy, so it pays to seek advice from an Independent Financial Adviser. Click here to contact us about an ISA mortgage.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.