Interest Only
With interest-only mortgages, you only pay off the interest on the amount you borrow. You use savings, investments or other assets you have (known as ‘repayment vehicles’) to pay off the total amount borrowed at the end of your mortgage term.
What is an Interest Only mortgage?
An interest only mortgage means you only pay the interest charges each month, not the capital amount borrowed. The original loan balance remains unchanged throughout the mortgage term, so you need a separate repayment plan to pay off the full debt at the end. Monthly payments are lower but require discipline to build funds for final repayment.
Why would you get an Interest Only mortgage?
The main benefit of an interest-only mortgage is that your monthly payments will be cheaper. This means that you could potentially borrow more.
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Solve your mortgage and protection needs with a call to APH Financial.
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Your Mortgage Journey with APH Financial
Step 1
Speak to APH Financial for an initial consultation to assess your affordability and an indication of the type of borrowing available to you within the mortgage market.
Step 2
If your happy to go ahead APH Financial will book a full consultation either on Zoom or face to face with your consultant. You will be given a mortgage approval in principle confirming your maximum borrowing and putting you in a very strong position when offering on a property.
Step 3
Once you have found a property we take care of everything else, mortgage application, surveys, solicitors, searches and dealing with any estate agents or developers on your behalf.
Step 4
Your dedicated case manager and your consultant will be on hand to guide you through the whole process.
What Our Clients Say
Used Bianca at APH for multiple mortgages and re-mortgages now and cannot fault her and the team. Always so helpful and we go the extra mile to help you any way they can. Can’t recommend highly enough!
Jordan Simpson
I recently worked with Bianca from APH, and I was very happy with the service I received. From the very first consultation, she took the time to explain all my options clearly, answered every question with patience, and made the process feel smooth and manageable. She was always there to hold my hand when I had questions!
ruth chamberlain
James at APH has been fantastic, offering friendly, timely and detailed advice in layman’s terms. His communication has been great and his work is thorough. His personal touch sets him apart in his industry and we’ll definitely use him again for all things mortgage related!
Mr Brodie
Outstanding Mortgage Advisor – Highly Recommended
I cannot recommend James highly enough. From the very beginning, he has gone above and beyond in helping me with all my mortgage applications and all related queries. His professionalism, attention to detail, and responsiveness have made the entire process smooth and stress-free.
What really stood out was the level of personal care he provided – nothing was ever too much trouble, and he always took the time to explain everything clearly and ensure I was comfortable at each stage. It’s rare to find someone so committed to providing such a high standard of service.
If you’re looking for a mortgage advisor who is knowledgeable, reliable, and truly has your best interests at heart, then look no further. A five-star service from start to finish!