With an Interest Only Mortgage your payment to the Lender covers only the interest on your mortgage. Whilst your monthly payments may be lower than with a Repayment Mortgage at the end of your mortgage term you will need to repay the original mortgage amount to the lender. With an interest Only mortgage you will pay interest on the full mortgage amount for the whole mortgage term, this will mean you will pay more in interest than you would on a repayment mortgage.
Our team’s knowledge of the interest only mortgage market, and excellent relationships with lenders, ensure you get the best offers.
We search and compare thousands of interest only mortgage deals to tailor a deal which is best suited to your current needs.
We’ve no tie-ins with certain lenders. As we’re fully independent and unbiased our focus is solely on finding the best option for you.
We don’t ask for any payment until we've found the right deal for you and your mortgage deal is complete.
Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.
Representative Example: Annual Interest rate of 2.44% fixed for 2 Years followed by 3.59% for the remaining term. Representative 3.50% APRC Variable. Based on borrowing of 150,000 over 17 years repayments of £899 per month. Total amount repayable £198,466. Includes Lender Fee of £995 and Broker Fee of £695.
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