Information for interest only customers

If you have an interest-only mortgage, your minimum monthly payments only cover the interest that is charged on your mortgage. You will repay the capital – the actual amount you borrowed – at the end of the mortgage term. You must have a repayment vehicle in place that will provide the money to repay the capital.

We will write to you from time to time during your mortgage term to remind you of this.

If you do not know how the capital will be repaid, or are concerned that your mortgage repayment vehicle may not give you enough money to repay the capital by the end of the term, please contact us so that we can help you.

More information about interest-only mortgages, and what to do if you have any doubts about your mortgage repayment vehicle, is available at Money Helper and the FCA.