Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
Most Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Find out what your Interest-Only monthly mortgage payment would be.
Use our interest-only mortgage calculator to estimate your monthly payments.
Enter the amount you want to borrow and the interest rate to estimate how much this will cost each month.
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Not what you expected? More than you'd hoped for?
There are a number of variables when making this calculation as Lenders vary widely in their calculations. McRobieAdams can add value as we search across an extensive panel of lenders. To find out accurately what you can borrow, get in touch today.
Interest-Only Mortgage Calculator FAQs
What is an Interest-Only Mortgage?
Repayment vs. Interest Only
An Interest Only mortgage will cost less on a monthly basis than a Repayment mortgage, but it is worth considering which product is better for you in the long run as you will still need to pay back the principle debt at the end of the mortgage term on an Interest Only mortgage.
As a general principle, most residential mortgages are on a Repayment basis and most Buy to Let mortgages are Interest Only.
Your McRobieAdams adviser will be able to help here.