Interest-only vs repayment mortgages
- The pros and cons of interest-only mortgages
- How a repayment mortgage can be cheaper long-term
- How to get the best mortgage interest rate
What's in this guide
Interest-only mortgage payments can be lower than repayment mortgages, but you may need a big deposit. Find out how interest-only mortgages work
With a repayment mortgage you're paying off both the mortgage interest and the capital. We explain how interest-only mortgages work
If you have an interest-only mortgage, make sure you have arrangements in place to repay the loan when your term finishes.