When you have an interest only mortgage, you need to make plans to repay the amount you’ve borrowed.
If you don’t, you’ll have a large amount to pay at the end of your mortgage term, which could lead to you having to sell the property to repay it.
Please view the Financial Conduct Authority's interest only information sheet to learn more about your options.
You can also speak to us or your mortgage adviser to discuss options that could give you peace of mind. If you’re unable to make payments or you’re not sure what to do, contact us to discuss your next steps.
The earlier you speak to us, the more time you’ll have to make a difference. You might even save on interest charges.