What is a mortgage repayment strategy?

This term is used to refer to an endowment policy, ISA or other investment intended to provide a lump sum to pay off an interest-only mortgage at the end of the mortgage term. As one of the main obligations in an interest-only mortgage is that you will pay back all the money at the end of the term, it is important that you arrange, and maintain, an adequate repayment strategy.

Mortgages