Interest Only Mortgages
- With each monthly mortgage repayment only paying off interest, interest-only mortgages allow home buyers to keep their initial costs down.
- Compare the latest interest rates, fees and other important features of interest only mortgages in the table below.
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-
![NatWest's logo']()
NatWest 2 Year Fixed
-
Initial Rate
1.54% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£191.86
-
Lender:
NatWest
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
70%
-
Min Loan:
£25,000
-
Max Loan:
£349,999
-
Product Description:
1.54% Fixed to 31/03/2023
-
Incentives:
Free valuation fees
free legal fees
free valuation admin fees
-
Initial Monthly Repayment:
£191.86 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£277,519.08
-
Total Interest Payable:
£127,024.08
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![NatWest's logo']()
NatWest 2 Year Fixed
-
Initial Rate
1.54% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£191.86
-
Lender:
NatWest
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£25,000
-
Max Loan:
£349,999
-
Product Description:
1.54% Fixed to 31/03/2023
-
Incentives:
Free valuation fees
free legal fees
free valuation admin fees
-
Initial Monthly Repayment:
£191.86 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£277,519.08
-
Total Interest Payable:
£127,024.08
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
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-
Initial Rate
-
![Royal Bank of Scotland's logo']()
Royal Bank of Scotland 2 Year Fixed
-
Initial Rate
1.54% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£191.86
-
Lender:
Royal Bank of Scotland
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£25,000
-
Max Loan:
£349,999
-
Product Description:
1.54% Fixed to 31/03/2023
-
Incentives:
Free valuation fees
free legal fees
free valuation admin fees
-
Initial Monthly Repayment:
£191.86 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£277,519.08
-
Total Interest Payable:
£127,024.08
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![Royal Bank of Scotland's logo']()
Royal Bank of Scotland 2 Year Fixed
-
Initial Rate
1.54% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£191.86
-
Lender:
Royal Bank of Scotland
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
70%
-
Min Loan:
£25,000
-
Max Loan:
£349,999
-
Product Description:
1.54% Fixed to 31/03/2023
-
Incentives:
Free valuation fees
free legal fees
free valuation admin fees
-
Initial Monthly Repayment:
£191.86 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£277,519.08
-
Total Interest Payable:
£127,024.08
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
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-
Initial Rate
-
![Halifax's logo']()
Halifax 2 Year Fixed
-
Initial Rate
1.56% Fixed to 28/02/2023
-
APRC
3.50%
-
Product Fee
£995
-
Monthly Repayment
£194.35
-
Lender:
Halifax
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£100,000
-
Max Loan:
£249,999
-
Product Description:
1.56% Fixed to 28/02/2023
-
Incentives:
Free valuation fees
free valuation admin fees
free legal fees
-
Initial Monthly Repayment:
£194.35 x 27
-
Ongoing Monthly Payments:
£447.25 x 273
-
Total Amount Payable:
£277,841.70
-
Total Interest Payable:
£127,346.70
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 28/2/23: 2/1% Mortgage Advance
-
Initial Rate
-
![NatWest's logo']()
NatWest 2 Year Fixed
-
Initial Rate
1.56% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£194.35
-
Lender:
NatWest
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.56% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£194.35 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,386.80
-
Total Interest Payable:
£127,093.80
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![Royal Bank of Scotland's logo']()
Royal Bank of Scotland 2 Year Fixed
-
Initial Rate
1.56% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£194.35
-
Lender:
Royal Bank of Scotland
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.56% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£194.35 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,386.80
-
Total Interest Payable:
£127,093.80
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![Barclays Mortgage's logo']()
Barclays Mortgage 2 Year Fixed
-
Initial Rate
1.57% Fixed to 31/01/2023
-
APRC
3.40%
-
Product Fee
£999
-
Monthly Repayment
£195.60
-
Lender:
Barclays Mortgage
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£2,000,000
-
Product Description:
1.57% Fixed to 31/01/2023
-
Incentives:
Free valuation fees Remortgages
free valuation fees for properties valued Max £2M House Purchase,First Time Buyers
free legal feesRemortgages or £250 cashbackRemortgages
- Website:
-
Initial Monthly Repayment:
£195.60 x 26
-
Ongoing Monthly Payments:
£447.25 x 274
-
Total Amount Payable:
£278,211.10
-
Total Interest Payable:
£127,632.10
-
Valuation Fee:
Free
-
Exit Admin Fee:
£80
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/1/23: 2% Sum Repaid
-
Initial Rate
-
![HSBC's logo']()
HSBC 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/12/2022
-
APRC
3.30%
-
Product Fee
£999
-
Monthly Repayment
£198.09
-
Lender:
HSBC
-
Max First Time Buyer LTV:
70%
-
Max House Purchase LTV:
70%
-
Max Remortgage LTV:
70%
-
Min Loan:
£10,000
-
Max Loan:
£1,000,000
-
Product Description:
1.59% Fixed to 31/12/2022
-
Incentives:
Free valuation fees
free legal fees Remortgages
-
Initial Monthly Repayment:
£198.09 x 25
-
Ongoing Monthly Payments:
£441.02 x 275
-
Total Amount Payable:
£276,731.75
-
Total Interest Payable:
£126,232.75
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/12/22: 2/1% Sum Repaid
-
Initial Rate
-
![HSBC's logo']()
HSBC 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/12/2022
-
APRC
3.30%
-
Product Fee
£999
-
Monthly Repayment
£198.09
-
Lender:
HSBC
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
75%
-
Min Loan:
£10,000
-
Max Loan:
£1,000,000
-
Product Description:
1.59% Fixed to 31/12/2022
-
Incentives:
Free valuation fees
free legal fees Remortgages
-
Initial Monthly Repayment:
£198.09 x 25
-
Ongoing Monthly Payments:
£441.02 x 275
-
Total Amount Payable:
£276,731.75
-
Total Interest Payable:
£126,232.75
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/12/22: 2/1% Sum Repaid
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-
Initial Rate
-
![NatWest's logo']()
NatWest 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
NatWest
-
Max First Time Buyer LTV:
70%
-
Max House Purchase LTV:
70%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.59% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£198.09 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,491.52
-
Total Interest Payable:
£127,198.52
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![NatWest's logo']()
NatWest 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
NatWest
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.59% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£198.09 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,491.52
-
Total Interest Payable:
£127,198.52
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
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-
Initial Rate
-
![Royal Bank of Scotland's logo']()
Royal Bank of Scotland 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
Royal Bank of Scotland
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.59% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£198.09 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,491.52
-
Total Interest Payable:
£127,198.52
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
-
Initial Rate
-
![Royal Bank of Scotland's logo']()
Royal Bank of Scotland 2 Year Fixed
-
Initial Rate
1.59% Fixed to 31/03/2023
-
APRC
3.40%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
Royal Bank of Scotland
-
Max First Time Buyer LTV:
70%
-
Max House Purchase LTV:
70%
-
Max Remortgage LTV:
0%
-
Min Loan:
£25,000
-
Max Loan:
£2,000,000
-
Product Description:
1.59% Fixed to 31/03/2023
-
Incentives:
£250 cashback
-
Initial Monthly Repayment:
£198.09 x 28
-
Ongoing Monthly Payments:
£447.25 x 272
-
Total Amount Payable:
£278,491.52
-
Total Interest Payable:
£127,198.52
-
Valuation Fee:
£248
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/3/23: 2/1% Sum Repaid
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-
Initial Rate
-
![TSB's logo']()
TSB 2 Year Fixed
-
Initial Rate
1.59% Fixed to 28/02/2023
-
APRC
3.30%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
TSB
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£1,000,000
-
Product Description:
1.59% Fixed to 28/02/2023
-
Incentives:
Free valuation fees
free legal fees
-
Initial Monthly Repayment:
£198.09 x 27
-
Ongoing Monthly Payments:
£447.25 x 273
-
Total Amount Payable:
£277,942.68
-
Total Interest Payable:
£127,447.68
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 28/2/23: 2/1% Sum Repaid
-
Initial Rate
-
![TSB's logo']()
TSB 2 Year Fixed
-
Initial Rate
1.59% Fixed to 28/02/2023
-
APRC
3.30%
-
Product Fee
£995
-
Monthly Repayment
£198.09
-
Lender:
TSB
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£1,000,000
-
Product Description:
1.59% Fixed to 28/02/2023
-
Incentives:
Free valuation fees
free legal fees
£150 cashback
-
Initial Monthly Repayment:
£198.09 x 27
-
Ongoing Monthly Payments:
£447.25 x 273
-
Total Amount Payable:
£277,792.68
-
Total Interest Payable:
£127,447.68
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 28/2/23: 2/1% Sum Repaid
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-
Initial Rate
-
![Virgin Money's logo']()
Virgin Money 5 Year Fixed
-
Initial Rate
1.61% Fixed to 01/03/2026
-
APRC
3.20%
-
Product Fee
£995
-
Monthly Repayment
£200.58
-
Lender:
Virgin Money
-
Max First Time Buyer LTV:
65%
-
Max House Purchase LTV:
65%
-
Max Remortgage LTV:
0%
-
Min Loan:
£0
-
Max Loan:
£1,000,000
-
Product Description:
1.61% Fixed to 01/03/2026
-
Incentives:
Free valuation fees
-
Initial Monthly Repayment:
£200.58 x 63
-
Ongoing Monthly Payments:
£540.69 x 21
-
Total Amount Payable:
£285,398.83
-
Total Interest Payable:
£134,053.83
-
Valuation Fee:
Free
-
Exit Admin Fee:
£50
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 1/3/26: 3.5% Outstanding Balance
-
Initial Rate
-
![Virgin Money's logo']()
Virgin Money 5 Year Fixed
-
Initial Rate
1.61% Fixed to 01/03/2026
-
APRC
3.20%
-
Product Fee
£995
-
Monthly Repayment
£200.58
-
Lender:
Virgin Money
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
65%
-
Min Loan:
£0
-
Max Loan:
£1,000,000
-
Product Description:
1.61% Fixed to 01/03/2026
-
Incentives:
Free valuation fees
free legal fees
-
Initial Monthly Repayment:
£200.58 x 63
-
Ongoing Monthly Payments:
£540.69 x 21
-
Total Amount Payable:
£284,598.83
-
Total Interest Payable:
£134,053.83
-
Valuation Fee:
Free
-
Exit Admin Fee:
£50
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 1/3/26: 3.5% Outstanding Balance
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-
Initial Rate
-
![Yorkshire Building Society's logo']()
Yorkshire Building Society 2 Year Fixed
-
Initial Rate
1.63% Fixed to 28/02/2023
-
APRC
3.70%
-
Product Fee
£1,495
-
Monthly Repayment
£203.07
-
Lender:
Yorkshire Building Society
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£25,001
-
Max Loan:
£5,000,000
-
Product Description:
1.63% Fixed to 28/02/2023
-
Incentives:
-
Initial Monthly Repayment:
£203.07 x 27
-
Ongoing Monthly Payments:
£529.48 x 36
-
Total Amount Payable:
£308,782.23
-
Total Interest Payable:
£157,117.23
-
Valuation Fee:
£180
-
Exit Admin Fee:
£90
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 28/2/23: 2.5/1.5% Sum Repaid
-
Initial Rate
-
![Barclays Mortgage's logo']()
Barclays Mortgage 5 Year Fixed
-
Initial Rate
1.70% Fixed to 31/01/2026
-
APRC
3.00%
-
Product Fee
£999
-
Monthly Repayment
£211.79
-
Lender:
Barclays Mortgage
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£2,000,000
-
Product Description:
1.70% Fixed to 31/01/2026
-
Incentives:
Free valuation fees Remortgages
free valuation fees for properties valued Max £2M House Purchase,First Time Buyers
free legal feesRemortgages or £250 cashbackRemortgages
- Website:
-
Initial Monthly Repayment:
£211.79 x 62
-
Ongoing Monthly Payments:
£447.25 x 238
-
Total Amount Payable:
£270,155.48
-
Total Interest Payable:
£119,576.48
-
Valuation Fee:
Free
-
Exit Admin Fee:
£80
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
to 31/1/26: 3% Sum Repaid
-
Initial Rate
-
![Barclays Mortgage's logo']()
Barclays Mortgage 2 Year Variable
-
Initial Rate
1.72% Variable (collared at 1.62%) for 2 years
-
APRC
3.40%
-
Product Fee
£1,749
-
Monthly Repayment
£214.28
-
Lender:
Barclays Mortgage
-
Max First Time Buyer LTV:
0%
-
Max House Purchase LTV:
0%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£2,000,000
-
Product Description:
1.72% Variable (collared at 1.62%) for 2 years
-
Incentives:
Free valuation fees
free legal fees
- Website:
-
Initial Monthly Repayment:
£214.28 x 24
-
Ongoing Monthly Payments:
£447.25 x 276
-
Total Amount Payable:
£279,912.72
-
Total Interest Payable:
£128,583.72
-
Valuation Fee:
Free
-
Exit Admin Fee:
£80
-
Early Repayment Charge:
Yes
-
Early Repayment Charge Details:
1st 2 yrs: 1% Sum Repaid
-
Initial Rate
-
![Barclays Mortgage's logo']()
Barclays Mortgage 2 Year Variable
-
Initial Rate
1.72% Variable (collared at 1.62%) for 2 years
-
APRC
3.40%
-
Product Fee
£999
-
Monthly Repayment
£214.28
-
Lender:
Barclays Mortgage
-
Max First Time Buyer LTV:
75%
-
Max House Purchase LTV:
75%
-
Max Remortgage LTV:
75%
-
Min Loan:
£5,000
-
Max Loan:
£2,000,000
-
Product Description:
1.72% Variable (collared at 1.62%) for 2 years
-
Incentives:
Free valuation fees
free legal feesRemortgages or £200 cashbackRemortgages
- Website:
-
Initial Monthly Repayment:
£214.28 x 24
-
Ongoing Monthly Payments:
£447.25 x 276
-
Total Amount Payable:
£279,082.72
-
Total Interest Payable:
£128,583.72
-
Valuation Fee:
Free
-
Exit Admin Fee:
£0
-
Early Repayment Charge:
No
-
Initial Rate
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 L&C Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.
Interest Only Mortgages FAQ
What is an interest only mortgage?
With an interest only mortgage you will only pay back the interest on the mortgage each month and not any of the loan. At the end of the mortgage term you will still owe the same amount of money as you borrowed.
How is interest normally paid on a mortgage?
Normally you would pay back both the interest and the capital in monthly repayments. This is called a repayment mortgage.
What are the benefits of interest only mortgages?
An interest only mortgage will have cheaper monthly repayments as you are only paying off the interest on the mortgage each month.
What are the downsides of interest only mortgages?
You are not repaying any of the mortgage loan with your monthly repayments, therefore you will still owe the full mortgage amount at the end of your term. Thus you will need either a 'repayment vehicle' or an alternative plan to pay off the mortgage loan when the term ends.
What is a repayment vehicle?
A repayment vehicle is the term given to a plan for repaying a loan such as an investment which runs alongside the mortgage, the returns of which are intended to pay off the mortgage loan. Examples of repayment vehicles include Stocks and Shares ISAs, endowment policies and investment bonds.
Do I need a larger deposit to get an interest only mortgage?
Yes, most lenders only offer interest only mortgages up to a loan to value of 60%, though it is possible to get higher if you have an accepted repayment vehicle in place. The loan to value (LTV), denotes the amount you can borrow compared to the value of your home. Some lenders will allow you to take a proportion of the loan as interest only and a proportion as repayment to allow you to get a higher LTV.
What criteria do I have to meet to get an interest only mortgage?
Your lender will want to know what your repayment strategy is and this will determine not only whether you can access an interest only mortgage but what loan to value (LTV) will be offered. You'll also have to meet a minimum income requirement along with standard affordability criteria.
How can I compare interest only mortgages?
You can use NerdWallet's comprehensive comparison tables to compare interest only mortgages.
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