Interest Only Mortgage Deals

Interest Only Mortgage Deals

Find out about some of the amazing interest rate mortgages that are available and speak to on of our advisors.

Getting the Best Mortgage Deal

Getting the Best Mortgage Deal

We have a range of mortgage deals and offers which we can speak to you about. Please get in touch with us through our application form to find out more.

Specialist Mortgage Advisors

Specialist Mortgage Advisors

Our team have years of experience, specialist knowledge and all the right training in order to provide you with the right mortgage and interest rate that suits you.

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Interest Only Mortgage Deals

If you need help in trying to find an interest-only mortgage deal we offer professional advice so you can find the perfect answer for what you need.

We always provide assistance based on your circumstances to ensure you get the most beneficial interest-only mortgage advice.

We will always ensure to find a suitable interest-only mortgage package for your requirements, whether for a new house purchase, remortgaging or a buy-to-let home deal. 

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If you would be interested in finding more information regarding interest-only mortgage deals get in touch with us today.

Our team are happy to provide you with all the details you require to find the perfect mortgage that suits you. Simply fill out the enquiry form provided, and a team member will get back to you as soon as possible. 

What are Interest-Only Mortgages?

An interest-only mortgage will make your monthly payments cheaper because you only pay the interest rate, not the home's capital.

However, the property's capital will have to be paid off when the agreement has finished.

So, you will make lower monthly payments than if you were on a repayment mortgage; however, you will need to pay back the original amount at the end of your interest-only mortgage. 

Interest-Only Mortgage Specialists

Within our services, we'll assign you your very own dedicated interest rate expert who'll find the best answer to help you.

With guiding you with the several choices, we’ll also help complete documentation and manage every stage in the process.

Our advisors can also help you find plausible alternatives to interest-only mortgages. An Equity Loan can be provided with affordable interest levels from some building contractors regarding newly built properties.

To participate in the plan, a deposit at a minimum of 5% since this entitles you to have a 20% UK government equity loan and a mortgage plan of 75% through a lender.


There is a housing scheme in which house sellers and new buyers can get mortgages of 95%, with 15% being supplied by the government.

Both new builds and pre-existing homes are included in this strategy stage. Find out more by looking here - or talking to us today.

Benefits of Interest-Only Mortgages

The main benefit of an interest-only mortgage is that you can make cheaper monthly payments, so you may be able to borrow more money if you want. 

Therefore, with interest-only mortgages, you might be able to purchase a property of a higher value. 

You may also benefit from an interest-only mortgage if you buy to let, as your monthly overhead costs will be lower. 

However, your monthly repayments will increase dramatically once your interest-only period ends.

So, if you want to take out an interest-only mortgage, you need to be aware of the upcoming shift in monthly repayments that comes with this kind of mortgage. 

What Happens at the End of an Interest-Only Mortgage?

When your interest-only mortgage ends, you will then be expected to repay the amount in full that you originally borrowed from your mortgage lender. 

Your lender should be in touch with you to highlight that your interest-only mortgages are ending. Typically, they will contact you one year, then six months, before your mortgage terminates. 

Before the end of the mortgage agreement, you can ask to be sent a redemption statement outlining the total amount you owe. 

What Happens If You Can’t Pay Off Your Mortgage at the End of the Term?

If you cannot afford to repay your total mortgage loan at the end of your interest-only period, then you can take the following action:

  • Ask your mortgage lender for an extension.
  • Apply for a remortgage. 
  • Switch to a capital repayment plan. 
  • Remortgage to a retirement interest-only mortgage, or RIO. 

Interest-Only VS Repayment Mortgages

With repayment mortgages, you pay off the interest and some of the capital each month, guaranteeing that the mortgage will be cleared at the end of each term.

With interest-only mortgages, you only pay off the interest on the amount you borrow. You use savings, investments or other assets (known as ‘repayment vehicles’) to pay off the total amount borrowed at the end of your mortgage term.

When your interest-only mortgage comes to an end, the homeowner may consider taking out a repayment mortgage to pay off their outstanding balance. 

If you would be interested in receiving more information regarding our offer, don't hesitate to contact us today.

Our team is happy to provide you with the details you require to get the final results that suit you. 

How Big a Deposit Will I Need For an Interest-Only Mortgage?

To begin with, interest-only mortgages may require a greater deposit than a repayment mortgage. 

The larger deposit reduces the risk of you being unable to repay the debt you will owe at the end of your mortgage term. 

For example, some mortgage lenders may request a deposit as high as 40%; however, our trusted advisors will help your compare mortgages to find lower interest-only mortgage rates.

The Best Interest-Only Mortgage

An expert interest rate mortgage consultant will provide more information about the different options out there and assist you with the paperwork.

The advisor may also speak to loan companies, mortgage lenders and the solicitor throughout the process to ensure that everything is as simple as possible for you.

There are many alternatives to interest-only mortgages; for example, you may get your dream house via various unique home loan rate options, including 95% agreements with help from government projects.

We aim to make the procedure for getting a home as simple and stress-free as possible for yourself.

To learn more about how we could help you to decide on interest rate mortgage deals, make sure you complete our contact form now to start finding the best interest-only mortgage.

Expert Housing Loan Consultants 

Getting your first home and plan can be confusing, and there are normally a lot of questions to ask.

That is exactly why we, being home buyer specialists, supply a dedicated house advisor who can determine how much you'll be able to borrow and what that will cost.

You can also obtain specialist guidance on extra charges like legal costs and building surveys which might be carried out.

There are numerous interesting buyer offers in and unique offers, all of which are intended to assist the struggling home buyer in getting onto the property ladder.

Numerous options may be offered for shared equity plans, and our team will advise you on anything associated with these.

Help to Buy

Using help from a scheme, you might be ready to buy the home you have always wished for.

In April 2013, the UK government introduced a strategy called Help to Buy, which enables people to use a deposit of just 5% to purchase a property.

After already helping over ten thousand first-time buyers and home movers, the plans are proving increasingly popular.

There are many interest-only mortgage options, including variable rates, and as an agent, we've got specialist experience regarding the strategies and can provide full market guidance.

We'll even assist you through the program and buying process.

Speak to a Specialist Advisor Today

We can assist with everything you require relating to house loan advice [POSTCODE]. Contact us now to speak to an advisor and learn what could be the most suitable sort of interest rate mortgage loan for yourself.

Getting advice from us is simple; all you need to do is apply in our application form.

Then we will receive an email about your application, and then we can start speaking to you and finding out about your requirements which you might have.

It is helpful for a lot of detail to be added to the form as this helps our team know some services you might require.


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