Repaying my interest only mortgage

With an interest only mortgage, your monthly payments only cover the interest charged on your mortgage. That's why it’s really important to have a repayment strategy in place, so you can repay the original amount borrowed at the end of the mortgage term.

Image of Repaying my interest only mortgage

Repaying your interest only mortgage

If you have an interest only mortgage, you’ll need a plan as to how you’re going to repay your loan at the end of your mortgage term. To find out more, take a look at our short video below.