The monthly payments you make only cover the interest. This means you need to pay off the amount you borrowed by the end of the mortgage term.
What is an interest only mortgage?
Category:
Interest Only
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Our phone lines (including our automated payment service) and systems will be unavailable on Saturday 3rd October and Sunday 4th October 2026 as we need to complete some essential maintenance. During this time, you’ll be unable to call us or log into your online account through our self-serve facility. If this is how you normally make your monthly payment, you’ll need to do this at another time or arrange a different way to pay. Please visit our ‘Make your payment’ page, for all the other ways you can make a payment.
You can contact us as normal from Monday 5th October 2026. We’re sorry for any inconvenience this might cause you.