Interest Only Mortgages
Extremely helpful
Prompt attention. Polite, informative and not pressurised in anyway. They have provided information all of the way and we’re extremely helpful.
Alison Fidoe
What is an Interest Only Mortgage?
With an Interest Only Mortgage your payment to the Lender covers only the interest on your mortgage. Whilst your monthly payments may be lower than with a Repayment Mortgage at the end of your mortgage term you will need to repay the original mortgage amount to the lender. With an interest Only mortgage you will pay interest on the full mortgage amount for the whole mortgage term, this will mean you will pay more in interest than you would on a repayment mortgage.
How Do You Repay an Interest Only Mortgage?
When taking out an Interest Only Mortgage, you will need a clear plan for repaying the outstanding balance at the end of the term. This could involve savings, investments or selling the property, depending on your circumstances. Lenders will typically require evidence of a suitable repayment strategy, helping ensure you understand your financial responsibilities before committing to the mortgage.
Why Choose MortgageKey for Interest Only Mortgages
We know the market
Our team’s knowledge of the interest only mortgage market, and excellent relationships with lenders, ensure you get the best offers.
Thousands of deals considered
We search and compare thousands of interest only mortgage deals to tailor a deal which is best suited to your current needs.
Easy and stress-free
We pride ourselves on taking away the stress and fear of property buying.
Pay nothing until completion
We don’t ask for any payment until we've found the right deal for you and your mortgage deal is complete.
How we work
- We find the deals on a ‘no obligation’ basis – meaning there’s nothing for you to pay if you don’t like the deals we find.
- We trawl the market researching hundreds of possible lenders and packages, to find you the very best deal.
- We guide you through the entire process of buying your home or taking out a new mortgage or loan, from application to completion.
Not only have we helped over 31,000 customers,
but we also pride ourselves on our level of excellence
Clear and concise knowledge by all colleagues on the team. We were kept up to date and never had to chase up on anything.
Sally Bradbury
Very professional, everything was simply explained. Communication was extremely good.
Douglas Carr
Everything was well organised and smooth and no problems or niggles. The product range we weren't able to access elsewhere.
Rebecca Sanderson
Fast, reliable and consistent service. Great team who communicate effectively!
Liam Dunn
Despite having a poor credit rating Mortgage Key helped us find an excellent product with competitive rates. Well done to the team!
Justin Morris
Brilliant from start to finish really helpful and guided us in right direction will use again in the future.
Gavin Connellan
Prompt attention. Polite, informative and not pressurised in anyway. They have provided information all of the way and we’re extremely helpful.
Alison Fidoe
First class service.Would highly recommend anyone thinking of using them. 10/10 from me.
John Barber
