Interest Only Mortgage

This is a mortgage where only the interest is repaid to the lender each month. The capital borrowed is not repaid to the lender until the end of the mortgage. The capital could be repaid by the proceeds of some form of investment vehicle e.g. endowment, pension, PEP, ISA etc'. It is the responsibility of the borrower to ensure that the repayment vehicle will pay off the mortgage at the end of the term. Remember that Life Assurance may also be needed separately.

Do you have old policies lying about? Perhaps it's a term or whole of life insurance, pension, endowment, bond or an annuity policy. Or do you receive statements for a policy which you are unsure about? Why not use Policy Detective to find the answers.

Which company now looks after your policy? Who can you contact about your policy? What do all those words and phrases on my policy document actually mean?

Policy Detective is a UK company for UK customers. We help you to track-down the Administrators for policies which you or your loved ones may have in the bureau or the attic. You never know how much money there could be in that old policy. It's not easy to find this information, as companies through time are taken-over, merge with other companies and even change their names. We can help you find the company which now deals with your policy. Some companies even allow us to check the status of your policy.