Interest-Only Mortgages Advice
Get the advice you need if you're looking for an Interest Only Mortgage
Are you looking for an interest only mortgage?
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At OnlineMortgageAdvisor we know that everyone's circumstances are different. That's why we only work with specialist brokers, who are experts in securing mortgage approvals.
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Experts in interest only mortgages -
Higher chance of approval
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With most interest-only mortgages, borrowers only need to settle the interest each month and won’t need to pay off the capital until the end of the term. This has a number of advantages, especially if you like the idea of lower monthly outgoings, but there are pitfalls to consider too.
Read through our range of articles on interest-only mortgages below to learn all about them, including how they work, how to qualify for one and which repayment vehicles are acceptable.
What are you looking for?
Interest-Only Mortgage Criteria
An in-depth look at the eligibility criteria for interest-only mortgages, covering deposit requirements, how affordability is assessed, repayment vehicles and more.
Looking to Switch to An Interest-Only Mortgage?
How to change your mortgage type from repayment to interest only and why you should speak to a mortgage broker if you’re doing this.
First Time Buyer Interest-Only Mortgages
Find out what your prospects of getting an interest-only mortgage are if you’re a first-time buyer and learn how a mortgage broker can boost them.
Part Repayment, Part Interest-Only Mortgages
Part-and-part mortgages are a middle ground between repayment and interest only, and in this guide, you can read all about them and how they work.
Switching From an Interest-Only to a Repayment Mortgage
How to change a mortgage from interest-only to repayment and why you should consult with a mortgage broker before going ahead with this.
Extending the Term on an Interest-Only Mortgage
How to increase the term of your interest-only mortgage, why people do this and how a mortgage broker can help you renegotiate your deal.
Interest-Only Mortgages – Repayment Vehicles
A guide to the acceptable repayment vehicles for an interest-only mortgage, why they’re so important and what to do if yours fails to pay out.
My Interest-Only Term is Ending Soon – What Should I Do?
A rundown of your options as you approach the end of an interest-only mortgage term, including term extensions, switching to repayment and more.
Interest-Only Secured Loan
How to get a secured loan on an interest-only basis, including eligibility criteria, equity requirements and how they compare to standard secured loans.
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