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Interest only
With an interest only mortgage, you are only paying the interest charged on the loan each month and the capital has to be repaid in full at the end of the term, from other arrangements that you have made. It is essential that there is a realistic plan in place that will allow the capital to be repaid. Lenders are much stricter about interest only lending now, so why not get some expert help and advice from Maxwell Moore?
If you are coming to the end of the term on an existing interest only mortgage and have not got the means to fully repay at the present time, then do talk to us. We will work with you to try and find a solution. We have access to lenders who deal with this type of scenario on a regular basis, even where the new mortgage term needs to extend into retirement.
Of course, we also want to ensure that you will be secure in your home, no matter what life throws at you in the years ahead, so we will also provide advice on appropriate insurance to protect you.
The mortgage products displayed below are a result of the following search criteria:
Property Value: £250000
Mortgage amount: £175000
Payment method: Interest only
Term: 25 years
Rate type: All
Initial period: 0-300 months
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Mortgage products are subject to status and availability.
Product details were last updated on 13 July 2018.
Whilst we have taken every care to ensure these details are accurate, we accept no liability for any errors or omissions. Abbreviations are explained in our Common Mortgage Terminology guide.
To confirm eligibility for any product, please contact us to discuss your circumstances.
| Product Type | Initial Rate | Initial Period |
Reversion Rate | Monthly Payment | APRC | ERCs | Fee | LTV |
| Discount | 1.29% | 2 years | 4.75% | £188.12 | 4.34% | 2 years | £0 | 70% |
| Tracker | 1.34% | 2 years | 3.94% | £195.42 | 3.60% | None | £999 | 70% |
| Fixed | 1.54% | Sep 2020 | 3.99% | £224.58 | 3.70% | 31-09-20 | £995 | 70% |
These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.
Product Initial Initial Reversion Monthly APRC ERCs Fee LTV | Discount 1.29% 2 years
4.75% 4.34% 2 years £0 70% | Tracker 1.34% 2 years
3.94% 3.60% None £999 70% | Fixed 1.54% Sep 2020
3.99% 3.70% 31-09-20 £995 70% |
These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.