Ask an Expert
Ask an Expert Can I get an interest only mortgage?

Can I get an interest only mortgage?

Q: Hi, I have a property in London with about 25% equity (£110K). I want to keep it and move to Yorkshire. I need a mortgage on interest only (as I am in sales and 6 monthly bonuses) for £666K on property valued at £895K but purchase price agreed is £835K w

A:

It may be possible to achieve this depending on your circumstances and those of the property. Generically a maximum of 75% is available from mainstream lenders on an interest only basis, however 80% may be achieveable if you are suitable for a private bank or if the purchase incentive can be taken into account. I have emailed you separately and please feel free to contact me in confidence to discuss your circumstances further.

These questions are for information purposes only and do not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration
Return to the Questions archive

This Month’s Top Fixed Rate

Fixed rate
Initial rate: 1.35%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.46%

Get This Rate

This Month’s Top Variable Rate

Variable rate
Initial rate: 0.97%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.37%

Get This Rate

Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

Latest Articles/News

Case Studies

Are you a first-time buyer and in need of a large loan? We have the banking…

Latest/Related News

The impact of Brexit on the property market has been well documented. As th…

Press Release

Hundreds of homeowners have their say on cost of buying a home in Guernsey.…

Press Coverage

Ageing population presents problem to States, says businessman…

LML Brochure

Download our brochure to find out more about Largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials

Close

Live chat with
our team now

Chat

LargeMortgageLoans.com