Interest Only mortgage

With an interest only mortgage, your monthly payments to the lender only go towards the interest. The actual mortgage balance - the amount borrowed - does not reduce.

That means you must repay the mortgage balance at the end of the mortgage term. To do this, you put money into a separate investment. All being well, this should grow and enable you to pay off the mortgage when required to do so.

Of course, that is the ideal situation. There are, however, no guarantees. All investments carry a risk and there is the possibility that you will not have accumulated sufficient capital by the end of the mortgage term to pay off your debt.

For more information please click on the type of mortgage you are interested in:

• Repayment Mortgage - repay the whole loan amount back with interest
• Interest Only Mortgage - repay only the interest on a mortgage
• Endowment Mortgage - a combination of a loan and an investment
• ISA Mortgage - combines and loan and an investment with an ISA
• Pension Plan Mortgage - a tax efficient but non flexible option
• Buy To Let Mortgages - for second property rentals
• First Time Buyers - get on the property ladder
• Spanish Mortgage (for holiday home) - to buy your dream holiday house!

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