Our Interest Only range of residential mortgages includes a choice of fixed or variable rate products.
With an Interest Only mortgage, the monthly payments over the term of the mortgage cover only the interest charged on the amount borrowed. This means that the capital part of your mortgage, together with any fees or charges debited to your account will be owed in full at the end of the term. It is entirely your responsibility to ensure that the remaining balance on your mortgage is repaid in full by your repayment strategy at or before the end of the term.
Try our Interest Only calculator to help you compare the cost of monthly mortgage payments if the Interest Only part of your mortgage is increased or reduced.