you are here: Homepage > Interest only mortgages >      Interest only mortgages       description=Greene and Co<- Interest-only mortgages are ones where you only pay the interest on the loan month by month, and still owe the lender the whole of original sum borrowed until the end of the mortgage. Therefore, as well as a monthly payment to the lender, you make a second monthly payment into some sort of investment vehicle (such as an endowment, ISA, or pension). The idea is that at the end of the mortgage the investment vehicle contains a sufficient sum to pay off the original loan - possibly even a some left over... - greene.co.uk    Interest Only Mortgage Quote - Interest only mortgages are designed to offer the lowest payment possible by not paying any of the balance of your loan off. Due to the lower payment, you may be able to stay within your budget more easily with interest only. Investments are used as a means to pay off the interest. If you come in to some money you can also normally choose to pay extra and pay off some of the loan    Money Highway - We are specialist mortgage providers for all types of UK mortgage, buy to let mortgages, interest only mortgages, let to buy mortgages and remortgages. Searching in excess of 5000 UK mortgage schemes, our service allows you to apply online for the most competetive rates and schemes, we will then find the best mortgage for you and your particular financial situation    Mortgage Guide UK - Interest only are mortgages where for a fixed time of 25 years you only pay the interest payments on the mortgages. Usually with a mortgage you pay both the interest on the loan plus an amount to reduce the capital. With an interest only mortgage it means that you need a separate plan to save money so that you can repay the capital on the mortgage at the end of your 25 year period    Mortgage Introduction Services - Interest Only Mortgages are ones whereby your monthly payments consist solely of interest payment and not any capital repayment element. Therefore the balance size of your mortgage will remain the same, and will not be reduced at all by your monthly payments. If you decide to take out an Interest Only Mortgage, you must consider how the mortgage will be repaid at the end of the term.....    Mortgage Sense - With interest only mortgages your monthly payments cover only the interest on the loan. They do not pay off any of the capital. You will need to arrange to pay separately into a savings or investment scheme to build up a lump sum to pay off the mortgage at the end of the term. It is your responsibility to make sure you have enough money to repay the mortgage at the end of the term    Quantum Mortgages - Once you have your mortgage agreed and your mortgage product has been selected you need to start thinking about protecting your ability to and the repayment of the debt. There are two options being interest only and capital and interest. Whilst Capital and Interest is the traditional method of repayment it may not be the most appropriate for you, we would recommend that you speak to a financial advisor to assess this element of your mortgage planning...........    UK Net Guide - Six million homeowners have interest-only home loans, where the monthly repayments cover only the interest on the house debt, not the debt itself. That number is rising, according the Council of Mortgage Lenders. Its figures show that since 2003, the number of first-time buyers taking out an interest-only mortgage has increased by nearly a third.....