Interest only mortgages
Find out if an interest only mortgage is right for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.
What is an interest only mortgage?
This means your monthly payments may be less. But, it also means you don't pay off any of the original loan amount.
You’ll need be able to show that you have an acceptable plan to pay off the loan amount at the end of the mortgage term.
Already have a YBS mortgage? Go to interest only for existing customers.

Can I get an interest only mortgage?
You’ll need to
You’ll need to
Repayment strategies
You’ll need to show that you an acceptable plan to pay off the loan at the end of your mortgage.
We call this plan a repayment strategy.
Repayment strategies we accept | Details for this strategy |
---|---|
Sale of Mortgage Property at the end of term |
|
Sale of other UK property |
|
Pension Lump Sum | For defined contribution schemes and Self Invested Pension Plans (SIPP)
For defined benefit schemes
You'll need to show your latest pension statement. |
Savings |
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Existing Endowments |
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General Investments |
|
How to get an interest only mortgage

Get a Decision in Principle (DIP)
You may need a DIP to make an offer on a home.

Apply for a mortgage
You cannot apply online for an interest only mortgage.

Get your mortgage offer

Complete
Get a Decision in Principle

