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INTEREST ONLY MORTGAGE QUOTE

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Find an interest only deal?

Interest only mortgage deals provide the opportunity to pay back only the interest on the mortgage loan. This type of mortgage deal means that you have to have another method of paying back the loan, or have to move to a repayment mortgage at some type.

Examples of paying back on an interest only basis, a loan of L100,000. (For illustration purposes only)

  1. At 4% Mortgage Payment= L333
  2. At 4.5% Mortgage Payment= L375
  3. At 5% Mortgage Payment= L416
  4. At 6% Mortgage Payment= L500
  5. At 7% Mortgage Payment= L583

These payments are much lower than vs a repayment mortgage.

  1. At 4% Mortgage Payment= L527
  2. At 4.5% Mortgage Payment= L556
  3. At 5% Mortgage Payment= L585
  4. At 6% Mortgage Payment= L644
  5. At 7% Mortgage Payment= L706

What you could use to pay off an interest-only mortgage?

Endowment mortgage

ISA (Individual Savings Account)

Pension Mortgage

 
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Your home may be at risk if you fail to keep up repayments on your mortgage. We act as an introducer to qualified mortgage advisers and this site does not constitute advice or recommendation of products. Enquiries are passed to a regulated brokerage and they will contact you to discuss your interest only mortgage requirements.
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