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This will depend on future investment performance

The period of borrowing is in excess of say 12 years

Each lender will have a maximum percentage of the value that they will be willing to lend in each individual circumstances, this is more commonly known as the maximum loan to value (LTV)

5%

All lenders will insist on Buildings Insurance as the very minimum

This is more likely to occur within the first 3-5 years of the mortgage term and more common with discounted, deferred or fixed mortgages

the mortgage has to be held for a number of years before the lender breaks into profit

Current Account Mortgage (CAM)

Endowment ISA Plan Pension Endowment The most common type of interest only mortgage which also provides life assurance cover and a fixed payment for investment

Some inexperienced and less ethical agents are driven by working on commission or sales targets and may be inclined to try scare tactics or apply pressure for you to purchase

All lenders will insist on buildings insurance as the very minimum

This product, which tends to be used by the self employed, is only for those taking advice from a suitably qualified financial adviser

This will vary between lenders and products

Suitability: A variable rate mortgage is the most suitable option in a limited number of circumstances the most common being those identified below: Individuals borrowing money over the very short term anticipating repaying the loan early and not wishing to incur redemption penalties on all or part of the loan