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Private Customer Interest Only Mortgages

We can help you find the right product from our range

Our range of Interest Only mortgages is shown below. These are available for mortgages on properties worth £400,000 or more, and the maximum Loan to Value (LTV) is 75%.

With an interest only mortgage, your monthly payments only cover the interest on the amount you have borrowed. So you must have a mortgage repayment plan (sometimes referred to as a repayment vehicle or a repayment strategy) to repay the mortgage at the end of the term.

Your Private Manager will discuss your options and put you in touch with an expert adviser, who will help you to find the product most suited to your needs.

If an Interest Only mortgage isn’t right for you, why not check out our repayment mortgages available exclusively to Private Banking customers. Or alternatively, you can review our core range of mortgages.

Applicants must be aged 18 or over. All loans are subject to status. Security will be required.

Your home may be repossessed if you do not keep up repayments on your mortgage

The maximum Loan to Value for any Interest Only element of a mortgage is 75%. Any additional borrowing up to a maximum of 80% loan to value must be on a suitable Capital & Interest product.

All private interest only mortgages
Private fixed rate
Private buy to let
Private offset

(Rates correct as at 3rd May 2024)
* Standard Variable Rate
** Offset Variable Rate
*** Offset Variable Investment Housing Loan Rate

Representative Example

A mortgage of £320,000 payable over 25 years, initially on a fixed rate of 6.45% for 2 years and then our Standard Variable Rate, currently 9.49%, for the remaining 23 years. This would require 26 monthly payments of £1,721.21 and then 273 monthly payments of £2,526.34 plus one final payment of £2,517.95.

The total amount payable would be £1,058,312.23 made up of the loan amount plus interest (£736,960.23), product fee (£999), valuation fee (£229), funds transfer fee (£25) and mortgage exit fee (£99).

The overall cost for comparison is 9.3% APRC representative.

The Representative Example is for illustrative purposes only. It is representative of our full range of private interest only mortgages. Your actual costs and monthly repayments will vary depending on your mortgage. If you have refined your results using the tabs above, this example will no longer be representative.

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