Compare Interest-Only Mortgages

Interest only mortgages

		Mortgage Type Buy to Let: For landlords purchasing a property for letting. Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Offset: Mortgage interest payments are offset against any savings you may hold. Tracker: The interest rate rises and falls with the Bank of England base rate. Variable: The interest rate rises and falls with the provider’s standard interest rate (SVR).	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate Also referred to as Subsequent Rate - the interest rate that your mortgage will revert to after any introductory rates have finished.	Cost For Comparison This is the mortgage’s Annual Percentage Rate (APR): the interest rate that you will be charged on your mortgage including all charges such as arrangement fees.	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	HSBC 2yr 2.19% Discount LTV 60% Special Direct + More Details	Discount	1.75%	24	3.94%	3.80%	60%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Shared Ownership yes Initial Rate 1.75% Initial Term 24 months Rate Discount Term 24 months Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Discount Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 1.89% Fixed LTV 60% Special Direct + More Details	Fixed	1.89%	31/08/2015	3.94%	3.80%	60%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £500000 Shared Ownership yes Initial Rate 1.89% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.29% Fixed H/P C/B LTV 60% + More Details	Fixed	2.29%	02/07/2015	4.74%	4.40%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.29% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.29% Fixed R/M C/B LTV 60% + More Details	Fixed	2.29%	02/07/2015	4.74%	4.30%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 40% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.29% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 2yr 2.35% Fixed BBR LTV 60% + More Details	Fixed	2.35%	31/05/2015	4.49%	4.30%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £1000000 Shared Ownership no Initial Rate 2.35% Initial Term 31/05/2015 Final Rate 4.49% Overall Cost for Comparison 4.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC Lifetime BBR + 1.88% LTV 60% Special Direct + More Details	Tracker	2.38%	term	n/a	2.50%	60%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Shared Ownership yes Initial Rate 2.38% Initial Term term Final Rate n/a Overall Cost for Comparison 2.50% Product Type Tracker Current Account/Offset no Early Repayment Charge no Application Fee Added to Loan yes
	HSBC 2yr 1.55% Discount LTV 60% Special Direct + More Details	Discount	2.39%	24	3.94%	3.80%	60%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Shared Ownership yes Initial Rate 2.39% Initial Term 24 months Rate Discount Term 24 months Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Discount Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.39% Fixed H/P C/B LTV 70% Direct Ex/C + More Details	Fixed	2.39%	02/07/2015	4.74%	4.50%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.39% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.39% Fixed R/M C/B LTV 70% Direct Ex/C + More Details	Fixed	2.39%	02/07/2015	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.39% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.39% Fixed R/M LTV 70% Direct Ex/C + More Details	Fixed	2.39%	02/07/2015	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.39% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.44% Fixed H/P C/B LTV 70% + More Details	Fixed	2.44%	02/07/2015	4.74%	4.50%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.44% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.44% Fixed R/M C/B LTV 70% + More Details	Fixed	2.44%	02/07/2015	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.44% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr BBR + 1.94% H/P C/B LTV 70% + More Details	Tracker	2.44%	24 months	4.74%	4.50%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Shared Ownership yes Initial Rate 2.44% Initial Term 24 months Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr BBR + 1.94% R/M C/B LTV 70% + More Details	Tracker	2.44%	24 months	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Shared Ownership yes Initial Rate 2.44% Initial Term 24 months Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 3yr 2.45% Fixed BBR LTV 60% + More Details	Fixed	2.45%	31/05/2016	4.49%	4.20%	60%	£1495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 2.45% Initial Term 31/05/2016 Final Rate 4.49% Overall Cost for Comparison 4.20% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 5yr 2.49% Fixed LTV 60% Special Direct + More Details	Fixed	2.49%	31/08/2018	3.94%	3.60%	60%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £250000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £250000 Shared Ownership yes Initial Rate 2.49% Initial Term 31/08/2018 Final Rate 3.94% Overall Cost for Comparison 3.60% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 2yr 2.55% Fixed BBR LTV 75% + More Details	Fixed	2.55%	31/05/2015	4.49%	4.30%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership no Initial Rate 2.55% Initial Term 31/05/2015 Final Rate 4.49% Overall Cost for Comparison 4.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 2.59% Fixed LTV 60% Fee Free Special + More Details	Fixed	2.59%	31/08/2015	3.94%	3.80%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £500000 Shared Ownership yes Initial Rate 2.59% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 3yr 2.59% Fixed H/P C/B LTV 70% + More Details	Fixed	2.59%	02/07/2016	4.74%	4.30%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.59% Initial Term 02/07/2016 Final Rate 4.74% Overall Cost for Comparison 4.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 3yr 2.59% Fixed R/M C/B LTV 70% + More Details	Fixed	2.59%	02/07/2016	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.59% Initial Term 02/07/2016 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 3yr 2.59% Fixed R/M LTV 70% + More Details	Fixed	2.59%	02/07/2016	4.74%	4.40%	70%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.59% Initial Term 02/07/2016 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 5yr 2.63% Fixed BBR LTV 60% + More Details	Fixed	2.63%	31/05/2018	4.49%	3.90%	60%	£1495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 2.63% Initial Term 31/05/2018 Final Rate 4.49% Overall Cost for Comparison 3.90% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 3yr 2.68% Fixed BBR LTV 75% + More Details	Fixed	2.68%	31/05/2016	4.49%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership no Initial Rate 2.68% Initial Term 31/05/2016 Final Rate 4.49% Overall Cost for Comparison 4.20% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 2.69% Fixed LTV 70% Direct + More Details	Fixed	2.69%	31/08/2015	3.94%	3.80%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 2.69% Fixed LTV 70% Ex/C Advance Direct + More Details	Fixed	2.69%	31/08/2015	3.94%	3.80%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 2.69% Fixed LTV 70% Ex/C Premier Direct + More Details	Fixed	2.69%	31/08/2015	3.94%	3.80%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.69% Fixed H/P C/B Ex/B LTV 75% + More Details	Fixed	2.69%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.69% Fixed H/P C/B LTV 75% Direct Ex/C + More Details	Fixed	2.69%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.69% Fixed R/M C/B LTV 75% Direct Ex/C + More Details	Fixed	2.69%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.69% Fixed R/M LTV 75% Direct Ex/C + More Details	Fixed	2.69%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.69% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC Lifetime BBR + 2.19% LTV 70% Direct + More Details	Tracker	2.69%	term	n/a	2.80%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Shared Ownership yes Initial Rate 2.69% Initial Term term Final Rate n/a Overall Cost for Comparison 2.80% Product Type Tracker Current Account/Offset no Early Repayment Charge no Application Fee Added to Loan yes
	HSBC Lifetime BBR + 2.19% LTV 70% Ex/C Adv Direct + More Details	Tracker	2.69%	term	n/a	2.80%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Shared Ownership yes Initial Rate 2.69% Initial Term term Final Rate n/a Overall Cost for Comparison 2.80% Product Type Tracker Current Account/Offset no Early Repayment Charge no Application Fee Added to Loan yes
	HSBC Lifetime BBR + 2.19% LTV 70% Ex/C Prem Direct + More Details	Tracker	2.69%	term	n/a	2.80%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Shared Ownership yes Initial Rate 2.69% Initial Term term Final Rate n/a Overall Cost for Comparison 2.80% Product Type Tracker Current Account/Offset no Early Repayment Charge no Application Fee Added to Loan yes
	HSBC Lifetime BBR+2.19% LTV 60% Fee Free Special Direct + More Details	Tracker	2.69%	term	n/a	2.70%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Shared Ownership yes Initial Rate 2.69% Initial Term term Final Rate n/a Overall Cost for Comparison 2.70% Product Type Tracker Current Account/Offset no Early Repayment Charge no Application Fee Added to Loan na
	Santander UK plc 2yr BBR + 2.19% H/P C/B Ex/B LTV 75% + More Details	Tracker	2.69%	24 months	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Shared Ownership yes Initial Rate 2.69% Initial Term 24 months Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.74% Fixed H/P C/B LTV 75% + More Details	Fixed	2.74%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.74% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.74% Fixed R/M C/B LTV 75% + More Details	Fixed	2.74%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.74% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr 2.74% Fixed R/M LTV 75% + More Details	Fixed	2.74%	02/07/2015	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.74% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr BBR + 2.24% H/P C/B LTV 75% + More Details	Tracker	2.74%	24 months	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Shared Ownership yes Initial Rate 2.74% Initial Term 24 months Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 2yr BBR + 2.24% R/M C/B LTV 75% + More Details	Tracker	2.74%	24 months	4.74%	4.60%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Shared Ownership yes Initial Rate 2.74% Initial Term 24 months Final Rate 4.74% Overall Cost for Comparison 4.60% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	The Mortgage Works 2yr 2.74% Fixed BTL LTV 65% + More Details	Buy To Let	2.74%	24 Months	4.99%	5.10%	65%	£5250	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: no Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers yes Minimum Deposit 35% Shared Ownership no Rental Income Percentage Minimum 125% rental income required. Initial Rate 2.74% Initial Term 24 Months Final Rate 4.99% Cost for Comparison 5.10% Rate Type fixed Holiday Lets no Let to Buy no Number of Properties Allowed No limit to the number of properties Student Lets yes Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 5yr 2.89% Fixed BBR LTV 75% + More Details	Fixed	2.89%	31/05/2018	4.49%	4.00%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership no Initial Rate 2.89% Initial Term 31/05/2018 Final Rate 4.49% Overall Cost for Comparison 4.00% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Post Office Ltd 2yr BBR + 2.39% LTV 75% + More Details	Tracker	2.89%	31/05/2015	4.49%	4.40%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Shared Ownership no Initial Rate 2.89% Initial Term 31/05/2015 Final Rate 4.49% Overall Cost for Comparison 4.40% Product Type Tracker Current Account/Offset no Early Repayment Charge yes Application Fee Added to Loan yes
	Santander UK plc 3yr 2.94% Fixed H/P C/B Ex/B LTV 75% + More Details	Fixed	2.94%	02/07/2016	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.94% Initial Term 02/07/2016 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	HSBC 2yr 2.99% Fixed LTV 70% Fee Free Direct + More Details	Fixed	2.99%	31/08/2015	3.94%	3.80%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.99% Initial Term 31/08/2015 Final Rate 3.94% Overall Cost for Comparison 3.80% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	HSBC 5yr 2.99% Fixed LTV 60% Fee Free Special + More Details	Fixed	2.99%	31/08/2018	3.94%	3.60%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4339
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 40% Max Mortgage Amount £500000 Shared Ownership yes Initial Rate 2.99% Initial Term 31/08/2018 Final Rate 3.94% Overall Cost for Comparison 3.60% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	Post Office Ltd 2yr 2.99% Fixed BBR LTV 75% Fee Free + Incentives + More Details	Fixed	2.99%	31/05/2015	4.49%	4.30%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership no Initial Rate 2.99% Initial Term 31/05/2015 Final Rate 4.49% Overall Cost for Comparison 4.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	Santander UK plc 2yr 2.99% Fixed H/P C/B LTV 70% + More Details	Fixed	2.99%	02/07/2015	4.74%	4.60%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 30% Max Mortgage Amount £550000 Shared Ownership yes Initial Rate 2.99% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.60% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	Santander UK plc 2yr 2.99% Fixed R/M C/B LTV 70% + More Details	Fixed	2.99%	02/07/2015	4.74%	4.40%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage yes Available for First Time Buyers no Available for Home Movers no Minimum Deposit 30% Max Mortgage Amount £550000 Shared Ownership yes Initial Rate 2.99% Initial Term 02/07/2015 Final Rate 4.74% Overall Cost for Comparison 4.40% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	Santander UK plc 3yr 2.99% Fixed H/P C/B LTV 75% + More Details	Fixed	2.99%	02/07/2016	4.74%	4.50%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 25% Max Mortgage Amount £1000000 Shared Ownership yes Initial Rate 2.99% Initial Term 02/07/2016 Final Rate 4.74% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Interest only mortgages explained

If you're looking to get a head start on the housing ladder, or keep your costs low for a while, an interest only deal on your mortgage could be a very favourable arrangement. Instead of paying off a small chunk of your total debt each month, your costs will be limited to only the interest that has been accrued at that point. This could see your monthly outgoings reduced dramatically, especially when lending rates are low.

Typically, the interest only period will last from one to five years, during which time you'll be on a fixed or tracker interest rate, but you can sometimes find one for the entire term.

There are a number of reasons why it might be the best option. It could be that you are facing other expenses, such as starting your own business or saving for a life pursuit. Perhaps you can't be certain that you will be able to sustain your usual level of income for a time or maybe you have a found a place where your money can work harder for you than by paying off your home loan.

It does mean, of course, that by the end of the interest only period you will still owe the lender the same amount that you did to begin with. And if you reach the end of the mortgage and don't have other means to cover your shortfall, you could risk having your home repossessed. As such, you shouldn't look to rely on things like property prices going up or an uncertain windfall as justification for an interest only mortgage.

There is also a possibility that you could fall into negative equity with an interest only mortgage, owing more money than your house is worth, if the market slumps. Consider your options carefully.

Learn more about different types of mortgage with Know Your Money's guide.

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