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Mortgage & Equity Release - Call Us 0117 313 7780

What is your mortgage for?

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1.41% 5 Year Fixed 

  • 60% LTV
  • Overall cost for comparison 3.30%
  • £250 Cashback

Representative Example: 

Mortgage of £100,000 on property valued at £200,000 over term of 25 years.

Rate fixed for 5 years after which reverts to NatWest variable rate of 4.24%.

Call NatWest FREE on 0800 068 8567

1.17% 2 Year Fixed 

  • 60% LTV
  • Overall cost for comparison 3.80%
  • £250 Cashback

Representative Example: 

Mortgage of £100,000 on property valued at £200,000 over term of 25 years.

Rate fixed for 5 years after which reverts to NatWest variable rate of 4.24%.

Call NatWest FREE on 0800 068 8567

Interest Only ReMortgage Calculator

Need remortgage quotes tailored for your circumstances? Use our mortgage calculator to get an indicative quote of the interest only remortgage deals available - For a bespoke quote taking into account all your requirements and your current borrowing status complete our enquiry form or talk to our remortgage team today on 0117 332 3389 (8.30am to 6pm Monday to Friday).

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Interest Only Remortgage Calculator

Our Remortgage Service - helping you make the right decision

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. 

As your mortgage is such an important transaction, good advice is imperative.

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With an interest only remortgage your monthly payment only covers the interest charged on your mortgage, so you could benefit from lower repayments in the shorter term.

However, because you’re not actually reducing the mortgage balance itself, it’s essential to research the interest only mortgage market carefully before making a decision – our free interest only mortgage calculator compares over 5,000 different mortgage deals instantly to help you choose.

How does an interest only remortgage work?

With interest-only mortgages you only pay the interest due on the amount you borrowed each month. While this can mean lower monthly payments than would be required for a standard capital and interest repayment mortgage of equivalent value, it does mean that you will still owe the entire capital that you originally borrowed at the end of the mortgage term.

How is an interest only mortgage repaid?

Lenders require that you have a repayment plan or strategy in place if you want to take out an interest-only remortgage. You must be able to show the lender how you can repay the mortgage at the end of the term when taking out an interest only mortgage.

Usually, you will need to have a method of repaying the capital at the end of the mortgage – known as a repayment vehicle – in place when the mortgage term begins. Examples of repayment vehicles include:

  • stocks and shares ISAs
  • pensions
  • investment bonds
  • shares
  • unit trusts
  • endowment policies
  • other properties or assets

Whatever the repayment plan you have in place to pay off the capital on your interest only mortgage, it’s important to review it frequently. To ensure you are getting the best deal, use the interest only mortgage comparison tool above to see the latest interest only mortgage deals and offers.

Call our mortgage team on 0117 313 7780 or Request a Callback.

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