Compare interest only remortgage deals and find an affordable home loan. The monthly repayments will only cover the interest so you will need to pay the capital off separately.
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | £999 with an option to add to the loan |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | No fee |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
Available in Northern Ireland | |
Available in Scotland | |
Available in Wales | |
Max age at term end | 80 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Remortgage Available | |
Remortgage Only | |
Self Employed Accepted | true |
Application fee | No fee |
Arrangement fee | £995 paid upfront |
Booking fee | No fee |
Completion fee | No fee |
Product fee | No fee |
Available Direct | |
Available in England | |
First Time Buyers | |
Max age at term end | 85 years |
Minimum Age | 18 years |
Minimum Income | £40,000 |
Permanent UK Resident | |
Remortgage Available | |
Self Employed Accepted | true |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Based on borrowing | £170,000 over 25 years | The overall cost of comparison | 5.90% APRC Representative |
---|---|---|---|
Initial rate | 5.99% fixed for 2 years (24 instalments of £826.08pm) | Subsequent rate (SVR) | 5.86% variable for the remaining 23 years (276 instalments of £809.10pm) |
Lender fee | £619 | Total amount payable | £413,137.62 inc. £243,137.62 in interest and a final payment of £170,000.00 |
You could look for the lowest interest rate, but this may not be the best interest only remortgage deal for your needs. Consider the following points when deciding how to get the best interest only remortgage deal:
Do you want a fixed or variable rate?
How much do you need to borrow?
How much will you be charged for the remortgage you want?
How long do you want the rate to last for?
How long will your remortgage term need to be?
What charges might you face for remortgaging again?
This will help you narrow your options when choosing an interest only remortgage, and improve your chances of finding the best deal.
If you want to remortgage, you will need to provide the new lender with proof of how you'll repay the mortgage at the end of the term
Here is information on fixed, tracker and variable rate mortgage deals
Apply for the remortgage deal you have found, whether that is online, on the phone or face to face in a branch.
If your application is accepted, ask a solicitor to arrange the legal transfer of your interest only mortgage to the new lender. (Some lender's will help arrange this.)
Get your property valued. Do this early to give yourself enough time before the end of your current mortgage deal to get your new interest only remortgage sorted.
Here is how to get a remortgage
Remortgaging your interest only mortgage is an opportunity to review how you plan to repay the capital at the end of the term.
If you no longer have a way of repaying the mortgage, you should consider switching to a repayment mortgage instead.
Here is more information on choosing an interest only or repayment mortgage
Yes, lenders will deem some strategies as riskier than others.
It depends on the individual circumstances of the borrower.
Remortgages can take anywhere between four and eight weeks to arrange.
Yes, you can get a mortgage offer from a lender before you need it. Some remortgage offers last for several months.
It is always good to plan ahead and make sure you have an offer in place before your current deal ends so you don’t end up moving onto your lender’s standard variable rate.
Yes, remortgage providers will usually let you borrow more than you owe on your property, particularly if your home has gone up in value. You can use the extra money for specific purposes like renovations.
The lender will want to know what the cash is for and will carry out affordability checks to make sure you can make the repayments comfortably.
We include mortgages from every lender in the UK. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.
Last update: 11 October, 2021
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