Call us: 0345 305 2540
Mortgages for first time buyers

Interest Only Mortgage Deals


When you take out an interest only mortgage, you won’t pay traditional mortgage payments each month. Instead, you’ll only repay the interest that is due. At the end of the mortgage term, you’ll be expected to pay the property’s value in full.

This means you’ll need to make other arrangements to ensure you can afford to pay back the capital that you’ll owe. This is often described by mortgage lenders as setting up a separate ‘repayment vehicle’ and it may involve growing your wealth in stocks, bonds, shares or other properties.

Leave us a message

Everything you
need to know…

What are the benefits of interest only mortgages?


An interest only mortgage can be a great way of keeping your mortgage payments low while freeing up more of your income to be placed in investments.

Are interest only mortgage deals risky?


Taking out an interest only mortgage can be a little risky because there’s no guarantee that you’ll be able to grow your investments’ value enough to cover the mortgage in full at the end of the term. If you find that you’re unable to pay the mortgage at the end of the term, some lenders will extend your mortgage term to give you more time to find alternative funding. However, this may incur extra charges.

Thinking of remortgaging?

Remortgaging allows you to switch provider or mortgage products to save you money and to suit the changing requirements of your lifestyle.

Before remortgaging, or before you decide to remortgage with your existing provider, it is essential to speak with an independent mortgage expert.

Get in touch

Mortgage
types

Mortgage Calculators

Our online mortgage calculators have been designed to help you with the most common mortgage questions such as ‘how much can I borrow?’ and ‘how much will it cost?’

To get a more accurate idea we recommend that you speak to one of our expert mortgage advisers.

Message an expert

Why choose
us?

We compare over 70 lenders

We compare over 70 lenders to ensure you get the very best mortgage deal suited to your lifestyle. We’ve been around for a long time and we know the mortgage providers inside out.

WITH YOU EVERY STEP OF THE WAY

We offer a personal concierge service so you will meet us face to face. Our expert mortgage advisors will provide you with all the information you need to make an informed decision.

There are no hidden fees

You will never pay more than 1.95% of the mortgage balance. Our average fee is 1% and the minimum fee you will pay is £1295.

We make it quick and easy

We can get you a mortgage in as little as two weeks. We’ll help you fill out all of the forms and will never put you forward for anything you are not likely to be accepted for.

Proud of
our ratings

Taylor Made Testimonials

Don't just take our word for it


We have a wealth of happy customers who can’t help but shout about our excellent services.

Read more testimonials

Excellent
66 Reviews
4.9 Rating

Mr McGuinness

We found Richard to be really helpful and would recommend him to family & friends.

24.11.2017

Mrs Gray

Mark has been a very friendly person and explained everything to us clearly and has given us good advice.

17.11.2017

What's your
situation?

Talk to the experts

Talk to the experts


With access to the entire mortgage market, the team at TaylorMade can help you find the most suitable mortgage product for your situation.

Whether you’re a first time buyer, a self employed small business owner or a buy-to-let investor, our mortgage experts can help you get a great deal.

To learn more about our service, please get in touch with one of our expert advisers.

Get in touch

Talk to us

If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.

0345 305 2540 info@taylormade-finance.co.uk

By clicking on the above link you will be leaving the regulated site of TaylorMade Finance Ltd. TaylorMade Finance Ltd is not responsible for the accuracy of the information contained within the linked site.

Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk

Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgages we can be paid by commission, or a fee of usually 1% of the loan amount.

TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority does not regulate Will Writing and some aspects of estate planning. Buy-to-Let Mortgages and Secured Loans.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.