Thanks very much for all your replies.
My query is why would you then take an interest only loan when you could take a p & i loan and therefore have at least part of the loan paid off. I am of the understanding (that is my interpretation only!!) as since I wont be able to claim any interest on owning a block of land I am better off getting a P & I loan. Please let me know if I am heading in the wrong direction. So confusing. BUT i am really grateful for all feedback – this is such an AWESOME forum!! Well done!!
