The first figure gives the total monthly payment for a straight repayment mortgage, including both interest and payment towards the capital loan amount. This reduces the amount owed on the capital, month by month.

The second figure shows the amount of interest payment only.

It is important to realise that in opting for an interest only mortgage, only the interest will be repaid each month. You will need to ensure that a suitable vehicle is in place to repay the loan on completion of the mortgage term selected. Alternatively some lenders will allow you to repay the loan by the sale of the property on or before the end of the mortgage term

These figures are only a guide. We recommend that you obtain exact figures from us before committing to any mortgage.

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