Use our free mortgage service to compare rates from the UK's leading lenders.
We have access to mortgage rates from as little as 4.83%*
Compare Interest Only mortgage rates against the mortgage market to see how much you could save?
| Low-Cost Payments | |
| £50,000 | from £287 per month |
| £100,000 | from £575 per month |
| £150,000 | from £862 per month |
| £200,000 | from £1149 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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Whole of Market - We search the whole of the mortgage market including exclusive quotes and rates sometimes available to mortgage brokers.
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Example savings based on borrowing £150,000 over 25 years, fixed for 10 years at 4.83%*, compared to an example mortgage rate of just 8.74% (this is the savings overs 10 years!)
21,900
Mortgage Deals
184
Lenders
4.83%*
Rates from
30
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*Example rate shown is a 10 year fixed rate mortgage from Lloyds Bank with an initial rate of 4.83% for 10 years; then reverts to SVR after intro period (12/09/2023). The rates shown are for illustrative purposes only, they should not be taken as any form of advice or recommendation. Actual mortgage quotes are based on individual circumstances.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
