MSE guide: Interest-only mortgages

MSE_Kit
MSE_Kit Posts: 111 MSE Staff
Fifth Anniversary 10 Posts Name Dropper
edited 26 March 2024 at 5:43PM in Mortgages & endowments
This is the discussion thread for the Interest-only mortgages guide.

The guide tackles topics such as:

- How interest-only mortgages work
- Who can get one
- How much they cost
- How to reduce the cost of an interest-only mortgage
- What to do if you can't repay an interest-only mortgage

If you haven't already, join the forum to reply.

Comments

  • silvercar
    silvercar Posts: 49,324 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    DS1 managed to get a part repayment, part interest only mortgage at a very competitive interest rate. Deposit was 20%. As his salary hopefully increases he will move to full repayment gradually.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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