Part and part mortgage deals

There are hundreds of part and part mortgage deals in the UK and finding the right one can be time consuming and frustrating.

If you’re searching for a part and part mortgage deal, First Mortgage can help you find the very best offers from the whole of the UK market. We don’t charge a thing for our service, providing a totally impartial and free market search.

What is a part and part mortgage?

Part and part mortgages are a combination of both interest only and repayment (capital and interest) mortgages. You can choose what percentage of each type you want to pay – for example 70% repayment and 30% interest-only. The benefit of this type of deal is that you can reduce your repayments to suit your circumstances, but still pay off some of the capital each month.

Is a part and part deal right for you?

If you take out an interest only mortgage you run the risk of not making enough to pay off the loan at the end of the term. With a repayment mortgage your monthly charges are higher and you have less extra cash with which to invest in other plans. This type of offer gives you more flexibility to get the best of both deals, without the risk and drawbacks of either.

This type of arrangement is generally more complicated than other options such as fixed, capped or variable rate loans. It’s worth speaking with a specialist and ensuring that you know how to make the most of the plan and how to prepare a good investment plan.

Find a part and part deal

Feel free to call us on 0845 603 1525 for more advice and information. We are happy to discuss your situation and help you choose the best value part and part deal.