a mortgage where repayments cover interest accrued on the loan alone. The balance of the mortgage remains fixed until the end of the term when repayment is due in full, usually using funds built up through an endowment policy or other investments taken out at the start of the mortgage.

This is a Mortgage where interest only is payable and the capital is intended to be repaid at the end of the term by an appropriate repayment vehicle such as ISAs, PEPs, Pensions or Endowment Policies. Interest Rates

With this type of product, your monthly repayments will only cover the interest element of the loan. You will typically set up another repayment vehicle e.g. an endowment or ISA to repay the capital element of the loan.

With a mortgage like this, your monthly repayments cover only the interest element of the loan. You will normally need a repayment vehicle, such as an ISA, endowment or a personal pension, to repay the capital.

With this method the initial loan amount remains the same throughout the term of the loan, while the monthly mortgage repayments only pay off the interest being charged on this amount. For this reason, Interest Only Mortgages are tied to investment in one of a number of different repayment vehicles, which, ideally, should cover the initial loan amount at the end of the loan term. These repayment vehicles include Endowments, PEPs, Pensions, ISAs, etc.

A mortgage whereby the borrowing elects to repay only the interest on the loan and repays the loan at the end of the mortgage term.

a form of balloon mortgage where the borrower only pays the interest on the principal borrowered

a loan in which you pay no more than the interest charge d

a loan that allows borrowers to pay only interest only for a specified amount of time, which results in a lower payment when compared to a loan where principal is amortized

a mortgage product whereby

a mortgage were the borrower(s) pay only the interest payments on the loan

a mortgage where you pay only the interest payments (either for a number of years, or for the term of the mortgage)

an excellent mortgage option for borrowers who want the lowest payment possible

a specialist option regarding the repayment of your mortgage loan

a special kind of mortgage in which equity is not built in the home with monthly payments

a type of mortgage where you only pay the interest on the mortgage in the form of monthly payments for a fixed term

During the term of this type of mortgage, payments are only made to cover the cost of interest charges. At the end of the mortgage term or when the property is sold the full amount borrowed will have to be repaid.

A mortgage where only the interest is paid monthly, while the capital is paid at the end of the mortgage. Capital funds are generally raised through investment.

With this type of mortgage, you will pay the interest on the total figure only. You would have to pay the lump sum outstanding at the end of the contract.

You only repay the interest each month. The original capital balance will remain outstanding at the end of your mortgage term.

Mortgage that repayments cover interest accrued on the loan ONLY. The balance of the mortgage remains fixed until the end of the term when repayment is due in full. Repayment of the loan is then made using funds built up through an endowment policy or other investments taken at the start of the mortgage.

With this type of mortgage interest payments only are made to the lender. The loan itself is paid by an investment plan into which regular payments are made. This will be designed to pay out when the mortgage is due to end. Professional advice should be sought if considering this method of repayment.

A mortgage where only the interest is paid off every month. A separate policy is taken out to cover the capital sum borrowed on maturity.

This is where you only repay the interest on your mortgage debt each month. Alongside this you will need to put money into a separate investment vehicle which is designed to grow sufficiently to pay off your loan when your mortgage comes to an end. You are responsible for the repayment of the capital when the mortgage reaches the end of its term. You may want to seek professional advice on the investment vehicle. Joint Mortgage A mortgage where there is more than one named individual responsible for the contract.

With an interest-only mortgage your monthly mortgage payments only pay the interest element of the loan and don't pay off any of the capital. To repay the capital most borrowers take out some kind of savings plan to ensure that at some time in the future they will have enough money to pay off their mortgage, such as an ISA pension or an endowment.

(Type of mortgage - Click for explanation)

Your payments made to your lender are simply the interest on the loan. No capital is repaid until the end of the term on which the full amount must be returned.

With this type of mortgage, the borrower is only required to pay interest on the amount borrowed during the mortgage term. It is the borrowers responsibility to ensure that enough funds will exist (either through an investment policy or other means) to repay the mortgage at the end of the term.

With this type of mortgage the borrower only pays the interest on the loan for the duration of its term and does not repay any element of the full loan originally advanced until the end of the mortgage term. Most lenders would expect to borrower to have some form of repayment vehicle in place to enable them to repay the capital at the end of the term.

A mortgage whereby the borrower is only required to pay inerest on the amount borrowed during the mortgage term. It is the borrowers responsibility to ensure that enough funds will exist (either through an investment policyor other means) to repay the full mortgage at the end of the term.

A mortgage where the capital is repaid at the end of the term, usually from the proceeds of an investment plan such as an endowment policy or an ISA. The borrower pays just the interest on the mortgage and the balance (amount owed) remains the same.

With this type of product, your monthly repayments will only cover the interest element of the loan. You need to have repayment options, such as an endowment or an ISA to cover repayment of the Capital element of the loan upon maturity.

A mortgage under which the borrower only pays interest during the mortgage term and the whole of the capital is repaid at the end.

This is an alternative way of arranging a mortgage, and works differently to a Capital and Interest (Repayment) Mortgage. Your monthly repayments to the lender are only made up of interest, and do not go any way towards reducing your mortgage balance. Instead, you pay a separate monthly amount into an investment policy (for example an endowment policy or an Individual Savings Account (ISA)). The aim of this is to grow the policy or account throughout the term and then repay the mortgage loan. However, it is not guaranteed to cover your mortgage balance and it is your responsibility to ensure that a suitable investment policy is in place to repay the mortgage at the end of the term. You must also ensure that adequate life cover is in place to cover the mortgage debt, otherwise your home could be at risk.

Only interest is paid on the loan each month and all the capital remains outstanding. You make a separate payment into an investment product such as an endowment, pension or ISA (a repayment vehicle), or alternatively, if you know that in the future you will be inheriting a lump sum, you could use this to pay off the loan. Whatever method you choose, you should make sure that at the end of the mortgage term you are able to pay back back from your own resources the amount you have borrowed. The Lender does not require a specific specific repayment plan, however it is recommended that you take advice from a Financial Advisor who specialise in these important matters.

With this type of mortgage, the payments you make each month simply pay the interest on the amount you borrow. At the end of the mortgage term you must pay back the amount you originally borrowed.

Unlike a traditional mortgage payment, which is composed of interest and principle, an Interest Only Mortgage requires that only the interest portion of the payment be submitted each month, thereby leaving the balance of the loan unchanged. Back

A mortgage where regular payments (usually monthly) only meet the interest requirements. The interest rate is usually variable and linked to prevailing rates but can be fixed for a given period. The capital amount outstanding remains approximately the same and the borrower will need to make additional provision for repaying this amount at the end of the term of the loan.

A mortgage where only interest is paid during the mortgage term. The capital is repaid at the end of the term, usually from the proceeds of an investment plan such as an endowment policy.

this type of mortgage is one in which only the interest is paid on the amount borrowed during the term of the loan. The remainder of the sum is then paid off at the end of the mortgage using the capital derived from an investment arranged for that purpose.

A mortgage where the borrower only repays the interest arising on the principal amount borrowed. The principal amount borrowed is repaid at the end of the term, usually via an investment product such as a pension, life insurance product or stock market investment.

With this type of mortgage the capital amount of your loan remains as a standing debt to us until the end of the term of your mortgage and is then repaid, by you, in full. You pay interest only on the loan during the term of the mortgage. If you choose this method, it is your responsibility to ensure that you have also arranged an appropriate repayment plan to repay the outstanding debt, in full, at the end of the agreed term. You must check your investment plan regularly to see that it is on target to repay the amount of your mortgage. You must also ensure that payments for endowment or pension policies and other investment plans are kept up to date and continue to provide you with the level of cover required. Failure to provide for the repayment of the loan, at the end of the term, will result in your total loan being in arrears and we may take action against you.

A mortgage whereby a customer's repayments only contribute to paying off the interest owed on the mortgage. An alternative investment is required to pay off the capital of the loan e.g. an ISA, endowment.

The interest on a mortgage is paid to the lender throughout the whole term and the capital is paid at the end. To pay this capital amount, an investment is paid into regularly which is designed to grow and meet the capital that is due at the end of the mortgage.