Interest Only Mortgage

Pay off the Interest on your Loan

The monthly mortgage payment only covers the interest charge.

No payments are made to the outstanding capital; as such the amount borrowed at outset will still be outstanding at the end of the mortgage term.
This type of mortgage will require a separate arrangement to provide a cash sum at the end of the mortgage term to repay the mortgage - this is known as a repayment vehicle.

Click here and find the right interest only Mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage. Memigo Money provides information but does not sell or provide advice on mortgages or their suitability. There may be a fee for mortgage advice; the precise amount depends on your circumstances.

For adverse credit mortgages the overall cost for comparison will vary, the actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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