020 7519 4900

phone

Mortgages

Interest-Only Mortgages

Interest only mortgages do exactly what they say – pay off just the interest. Interest only mortgages are popular because the monthly repayments are more affordable than repayment mortgages.  Given the current low interest rates on savings and investments however, lenders have stricter rules around who they will lend to on this basis and many simply won’t support this kind of mortgage any more.

Interest only mortgages are a viable product for people whose income is made up of large bonuses or commissions. They can be an option for those who plan to live in their property for a short time and for those who have other assess which will cover the mortgage debt.

At the end of the mortgage, you will need to have a way of paying off the capital loan for the property.

Largemortgageloans is an award winning team of experienced large mortgage loan brokers who have close relationships with over 40 High Street banks, private banks, niche lenders and private investors, many of whom continue to offer large interest only mortgage loans up to 75% loan to value (LTV. 

Our expertise and experience is in creating an individual solution for your personal requirements. 

As mortgage experts with years of experience, we have helped numerous clients to get interest only mortgages. 

We know the building societies and private banks that maybe prepared to offer interest only mortgages in the right circumstances and we can negotiate on your behalf.

  • This Month's Top Fixed Rate

    Fixed rate
    Initial rate: 1.09%

    Period: 2 Year

    Rate will revert to the lender's standard variable rate currently 4.49%
    The overall cost for comparison is 3.99% APR

    1.09%

    More info
  • This Month's Top Variable Rate

    Variable rate
    Initial rate: 1.07%

    Period: 2 years

    Rate will revert to the lender's standard variable rate currently 5.34%
    The overall cost for comparison is 4.71%

    1.07%

    More info

    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 The rate displayed may become out of date at short notice.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

Need a million pound mortgage? We have the banking contacts to provide a ta... READ MORE

latest/related news

The number of property transactions has decreased over the last few months,...READ MORE

press release

With the help of Locate Guernsey, Paul Welch, Guernsey businessman, has ret...READ MORE

press coverage

London property market 'will resist price crash'

Financial Times ,March, 28th 2017READ MORE

LML BROCHURE

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

Click to Download

Rate Alert

Client Testimonials

"My Mortgage Manager was very responsive. We never had any issues, it was a...
READ MORE

CC, CC

“My Mortgage Manager and Administrator were great, I have emailed them personally to...
READ MORE

AK, AK

“My Mortgage Manager helped me overcome a lot of barriers. My Mortgage Manager and...
READ MORE

ZJG, ZJG

"I purely came back to you because of the service from my Mortgage Manager. My...
READ MORE

PW, PW

Logo
STAY CONNECTED WITH US:
  • Facebook
  • Twitter
  • Linkedin

London Office

Tel: 020 7519 4900
Fax: 020 7519 4910
Email: info@largemortgageloans.com

Guernsey Office

Tel: 01481 234527
Fax: 020 7519 4910
Email: info@largemortgageloans.com

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Changes in the exchange rate may increase the sterling equivalent of your debt

Largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
You may have to pay an early repayment charge to your existing lender if you remortgage.

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: Bridge House, London Bridge, London, SE1 9QR. 2005-2017. All rights reserved.