Use our free mortgage service to compare rates from the UK's leading lenders.
We have access to mortgage rates from as little as 3.99%*
Compare Interest Only mortgage rates against the mortgage market to see how much you could save?
Low-Cost Payments | |
£50,000 | from £264 per month |
£100,000 | from £527 per month |
£150,000 | from £791 per month |
£200,000 | from £1055 per month |
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Interest Only remortgages require borrowers to pay just the interest on the loan for a set period, with the principal amount remaining unchanged. This results in lower monthly repayments but requires a solid repayment strategy for the loan’s balance.
It’s vital to have a credible repayment plan in place, as lenders will scrutinize this closely before approving an Interest Only remortgage. Your plan could include investments, savings, or the sale of another property.
Professional advice can help you understand the risks and benefits of Interest Only remortgages, ensuring that you make a decision that aligns with your financial goals.
Looking into Interest Only remortgages? Fill in our form to get started finding the best remortgage rates.
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