These are investment only plans that could be used alongside an interest – only mortgage.

Additional life cover is usually needed to protect the loan.

With these plans as with most types of savings schemes there are no guarantees, and they are not short term plans if you wish to connect them with paying off your mortgage, which generally is medium to long term.

These can be cashed in early if required but there can be charges and as already stated they should be kept for medium to long term so a bit of discipline is needed. ISAs are very tax effective compared to the other forms of investment, the value of units may fall as well as rise, as with most investments, they are designed for medium to long term so if you were to encash them earlier then you may get back less than you have put in.

The plan does not guarantee to pay the loan at maturity, however reviews are built in and the Life Company will advise on any action that may be necessary.

Please Contact Us, or fill in the form below for a quotation, may take up to 3 days.