Compare Fixed Rate Interest Only Mortgages

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  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.84% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £105
  • TSB's logo'

    TSB 2 Year Fixed

    • Initial Rate
      0.84% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £995
    • Monthly Repayment
      £105
    Continue on Fluent Mortgages' website + More info
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.86% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £107.50
    Continue on Fluent Mortgages' website + More info
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.87% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £108.75
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.87% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £108.75
  • Cumberland BS's logo'

    Cumberland BS 2 Year Fixed

    • Initial Rate
      0.88% Fixed to 01/12/2023
    • APRC
      3.80%
    • Product Fee
      £1,999
    • Monthly Repayment
      £110
    Continue on Fluent Mortgages' website + More info
  • Cumberland BS's logo'

    Cumberland BS 2 Year Fixed

    • Initial Rate
      0.88% Fixed to 01/12/2023
    • APRC
      3.80%
    • Product Fee
      £1,999
    • Monthly Repayment
      £110
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Initial Rate
      0.88% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £110
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Initial Rate
      0.88% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £110
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.89% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £111.25
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Initial Rate
      0.89% Fixed for 3 years
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £111.25
    Continue on Fluent Mortgages' website + More info
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed for 3 years
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £111.25
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed for 2 years
    • APRC
      3.10%
    • Product Fee
      £999
    • Monthly Repayment
      £111.25
    Continue on Fluent Mortgages' website + More info
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Initial Rate
      0.89% Fixed for 2 years
    • APRC
      3.10%
    • Product Fee
      £999
    • Monthly Repayment
      £111.25
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Halifax's logo'

    Halifax 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.90% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £112.50
    Continue on Halifax's website + More info
  • Halifax's logo'

    Halifax 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.90% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £995
    • Monthly Repayment
      £112.50
    Continue on Halifax's website + More info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Initial Rate
      0.90% Fixed to 31/10/2023
    • APRC
      3.30%
    • Product Fee
      £1,495
    • Monthly Repayment
      £112.50
    Continue on Fluent Mortgages' website + More info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Initial Rate
      0.90% Fixed to 31/10/2023
    • APRC
      3.60%
    • Product Fee
      £1,495
    • Monthly Repayment
      £112.50
    Continue on Fluent Mortgages' website + More info
  • HSBC's logo'

    HSBC 5 Year Fixed

    • Initial Rate
      0.91% Fixed to 30/11/2026
    • APRC
      2.60%
    • Product Fee
      £1,499
    • Monthly Repayment
      £113.75
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.92% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £115
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.92% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £115
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.93% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £116.25
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.93% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £116.25
  • Click here to see 1 similar product
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.93% Fixed to 30/11/2023
    • APRC
      3.40%
    • Product Fee
      £995
    • Monthly Repayment
      £116.25

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 04 March 2021.

Fixed-Rate Interest-Only Mortgages FAQ

What is a fixed-rate interest-only mortgage?

Fixed-rate interest-only mortgages allow borrowers to buy houses and repay their mortgages with just interest, paid at a rate that is frozen for a limited period.

When is the mortgage loan repaid?

As with other interest-only mortgages, a fixed-rate interest-only mortgage loan is often repaid when the term ends, in the form of a lump sum.

Why do people seek fixed-rate interest-only mortgages?

One of the great benefits from paying just interest on a mortgage during the term at a fixed rate is that the regular payments you make are greatly reduced, as compared to a conventional repayment mortgage or a variable-rate deal.

Will rate rises affect a fixed-rate deal?

No. The point of fixed-rate deals is that they don’t move, even if the Bank of England raises rates, or the market rate rises. As a result, interest is frozen and you can save money, as you continue to pay at a specific rate.

Are there incentives on fixed-rate interest-only deals?

Yes. While incentives are at the discretion of the provider, you may find some deals offering cashback, but the sums available through this incentive will vary. Check terms and conditions to learn what cashback entails.

What is APRC?

The annualised percentage rate of charge is a metric used to help determine the overall cost of your mortgage when you take interest as well as additional fees and charges into account. It gives you a more realistic idea about how affordable a deal is, and makes for a good way to compare deals.

What additional charges and fees do mortgages entail?

You may find your mortgage requiring you to pay charges such as valuation fees or even a simple product fee. There is also a charge applicable if you overpay on a mortgage beyond a certain point, depending on terms and conditions.

What is LTV?

LTV (loan-to-value) is the ratio that helps you determine the size of a mortgage loan, relative to the value of a property you wish to buy. It has an inverse relationship to the deposit you pay, so an LTV of 80 percent would require your mortgage to cover 20 percent of a property’s value.

Is a higher LTV more suitable for a first-time buyer?

Higher LTVs mean a smaller deposit to save up for, which can help first-time buyers climb the housing ladder more quickly. However, higher LTVs mean larger loans, which carry greater risk to a provider. As a result, they will likely charge higher interest.

Why does finding a good interest rate matter?

A mortgage is often the most significant financial undertaking in your life, paid back over many years. To be in a position to get on the housing ladder and afford a home, you need to find an appropriate rate of interest to match your financial situation.

Where can I find the best fixed-rate interest only mortgages?

NerdWallet have a comparison table specially designed to let you compare the best deals for this type of mortgage. Always check terms and conditions before applying for a mortgage.