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.
Filter your results
You have a 65% loan-to-value
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • Click here to see 1 similar product
  • 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
  • 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
  • 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
  • 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

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?

How is interest normally paid on a mortgage?

What are the benefits of interest only mortgages?

What are the downsides of interest only mortgages?

What is a repayment vehicle?

Do I need a larger deposit to get an interest only mortgage?

What criteria do I have to meet to get an interest only mortgage?

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