📊 Interest Only Calculator
Calculate your monthly interest-only mortgage payments
Mortgage Details
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Monthly Interest Payment
Your Monthly Payment
£0
Payment Summary
Total Interest Over Term
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Principal Outstanding
£0
Total Amount Paid
£0
Important Information
With an interest-only mortgage, your monthly payments only cover the interest charges on the loan. The original loan amount (principal) remains unchanged throughout the mortgage term and must be repaid in full at the end of the term. You will need to have a credible repayment strategy in place, such as savings, investments, or the sale of the property. Please ensure you understand the risks and have a robust plan to repay the capital at the end of the mortgage term. This calculator is for illustrative purposes only and does not constitute financial advice.
Serving Greater Manchester
Based in Leigh and proudly serving homebuyers across Greater Manchester including Atherton, Tyldesley, Bolton, Wigan and surrounding areas. We specialise in helping residents secure mortgages even with CCJs, defaults and adverse credit history. Our expert team understands the local property market and works with specialist lenders who consider applications others may decline.