All mortgages have one thing in common – interest is charged on the amount you borrow.
With an interest-only mortgage, your monthly payments only cover the interest charged on the amount borrowed. There can be upsides and downsides to that, but we could help you decide if an interest-only mortgage might be right for you.
Interest only is a type of mortgage where your monthly mortgage payments only repay the interest and don’t go towards repaying the original amount borrowed. That means:
Our mortgage finder is designed to help you search our mortgage range for a deal that could be right for you.
Compare the cost of your mortgage payments on an interest-only mortgage to other repayment types with our repayment comparison calculator.
Our Mortgage Hub is a great place to start if you’re looking for information, tools, forms, documents and guides to help you with your search.
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