If you want to work our how much your monthly repayments will be if you are looking for an interest only mortgage, use our interest only mortgage calculator which will do it for you. This can help you to work out a budget and ensure that you do not get behind on payments. To quickly and clearly see how much your mortgage payments will be, simply enter:
How much you want to borrow
The interest rate you are expecting to pay
The duration of your mortgage
And our interest only mortgage calculator will work out the cost per month. It can also calculate the cost for a repayment mortgage, so that you can compare the two.
Once you have worked out a budget, it is a good idea to speak to a professional about setting up a mortgage deal. We work with specialist mortgage brokers - simply click on the link for interest only mortgage quotes and advice with no obligation.