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MSE guide: Interest-only mortgages

MSE_Kit
MSE_Kit Posts: 102 MSE Staff
Fifth Anniversary 10 Posts Name Dropper
edited 26 March 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: 47,829 Ambassador
    I've been Money Tipped! Newshound! I'm a Volunteer Ambassador Photogenic
    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.
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