Interest only mortgages

When you have an interest only mortgage, your monthly payments only pay the interest charged on the amount you borrowed. This means the interest only balance doesn’t reduce and you’ll need to have separate plans to pay this amount by the time your mortgage ends.

Can you repay your interest only balance?

Yes, I know how I’ll repay everything

Let us know your plans. If you’re confident you can repay everything you owe, or if you’ve changed your plans.

It’ll only take a couple of minutes to update us online, or you can call us if you prefer.

Tell us your plans

 

Call us on 0345 366 2005.
Our lines are open 9am to 5pm Monday - Friday UK time.

Calls may be monitored and recorded. Call costs may vary depending on your service provider.

No, I’m not sure how I’ll repay everything

Now’s the time to tell us if you don’t know how you’ll repay your full balance, or if you think your plans won’t be enough.

We’ll help you understand your options and help you decide what’s right for you. The sooner you talk to us, the more options you may have so call us today.

Call us to make an appointment with a Mortgage Arranger on: Jersey 0345 730 9461 Guernsey/Alderney 0345 730 9373 Isle of Man 0345 730 1280

Calls may be monitored and recorded. Call costs may vary depending on your service provider.

Or alternatively complete our contact form.

 

Make a plan Make a plan

My mortgage term has ended

If you haven’t repaid your interest only balance yet or you don’t have enough to repay it in full, we’ll help you understand your next steps.

The sooner you talk to us, the more options you may have so call us today.

Call us to make an appointment with a Mortgage Arranger on: Jersey 0345 730 9461 Guernsey/Alderney 0345 730 9373 Isle of Man 0345 730 1280 Our lines are open 7am–11pm, Monday–Friday 8am–4pm, Saturday.

Calls may be monitored and recorded. Call costs may vary depending on your service provider.

Or alternatively complete our contact form.

 

Mortgage term ended Mortgage term ended

Managing your plans to repay

It’s a good idea to regularly check that your plans will provide enough to repay everything you owe.

Managing your plans

Questions about your mortgage

We’re here to help if you have any questions about your mortgage.

Frequently Asked Questions

You can also speak to us over the phone or in branch.

Call us on 0345 366 2005

Our lines are open 9am to 5pm Monday - Friday UK time.

Calls may be monitored and recorded. Call costs may vary depending on your service provider.

The Bank conducts its business in accordance with local legal and regulatory requirements, including anti-money laundering requirements which require the Bank to disclose information that would otherwise be confidential in circumstances where the Bank suspects its customer is benefiting or engaging in criminal activity including tax fraud.

Lending is at the Bank’s discretion and you must be 18 or over to apply. Security may be required.