Switching from an interest-only to a repayment (Capital & Interest) mortgage

Try our calculator to understand what it could mean to you

If you have an Interest Only mortgage with us (whether part or fully Interest Only), this means your monthly payments are paying off the interest but will not pay off the loan itself, and this can leave you in a very difficult position, with a significant lump sum to repay when your mortgage term ends.

With a Repayment mortgage, your monthly payments will be higher as they cover the interest on the amount you've borrowed and they will also reduce the balance of your loan. However, provided you stay on track with your monthly payments, your mortgage will be completely paid off at the end of the term.

This calculator illustrates the potential impact of switching from Interest Only to a Repayment mortgage.

Just enter the key details about your mortgage to see the differences between these two payment methods.

Your home may be repossessed if you do not keep up repayments on your mortgage

What is your outstanding mortgage balance?


How long do you have left?


What is your current interest rate?


Please note that this is an illustration only to give you an indication of what you might pay.
Full quotations are available on request.

Contact us

If you have a mortgage on your own home, we will make contact with you throughout your term to check your repayment strategy is still on track.

We are here to help you, so its important you let us know what repayment strategy you have in place, or if you have any concerns.

Click here to contact us

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