Interest-Only Mortgages
Interest-only mortgages allow you to pay just the interest each month, keeping your monthly outgoings significantly lower than a repayment mortgage. The trade-off is that you need a credible plan to repay the capital at the end of the term, known as a repayment vehicle. Use our [repayment calculator](/calculators/repayment) to compare interest-only and repayment costs side by side.
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Interest-Only Mortgage Advice
Interest-only mortgages allow you to pay just the interest each month, keeping your monthly outgoings significantly lower than a repayment mortgage. The trade-off is that you need a credible plan to repay the capital at the end of the term, known as a repayment vehicle. Use our repayment calculator to compare interest-only and repayment costs side by side.
After the 2008 financial crisis, many lenders tightened their criteria for interest-only lending. Today, most require a minimum income, a substantial deposit (typically 25% or more), and evidence of a viable repayment strategy such as investments, savings, pension lump sums, or property sales.
At Clearview Mortgage Solutions, we know which lenders still offer competitive interest-only products and what repayment vehicles they accept. Whether you are a high earner looking for flexibility, a landlord, or approaching the end of an existing interest-only term, our advisers can find the right solution.
Read our full guide here
Want more details? Our complete guide explains how interest-only mortgages work, what repayment strategies lenders accept, and whether interest-only is right for you.
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