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Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.

2Submit Your Application

Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.

3Mortgage Completion

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Back | About

About

Back | Insurance

Business Protection Insurance

Life Insurance

Building Insurance

Home Insurance

Mortgage Repayment Protection

Family Income Benefit

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Back | Calculators

Commercial Stamp Duty

How Much Can I Borrow?

Buy To Let

Bridging Loan

Residential & Commercial Bridging

Mortgage Repayment

Development Finance

Commercial Mortgage

Back | Your Mortgage Position

Your Mortgage Position

Bad Credit

Bridging

Buy to Let

Development Finance

Self Employed

Mortgage for professionals

Lifetime Mortgages

Expat mortgages

Interest Only

Mortgage Affordability

Mortgage Application

Income Types

Residential Mortgages

Commercial Mortgages

Property Types

Remortgages

First Time Buyers

Mortgage Declined

Offset Mortgage

Other

Back|Bad Credit

Bad Credit Mortgages

Mortgage for Applicants with Bad Credit

Mortgage with Defaults on Your Credit

Buy to Let Mortgage With Bad Credit

Finding a Mortgage with Poor Credit

Mortgage Interest Rates with Bad Credit

Mortgage After Repossession

Getting a Mortgage After Payday Loans

Avoiding Repossession

Subprime Mortgages

Mortgage with a CCJ

Mortgage with Credit Card Debts

Adverse Credit Mortgage Online

Self-Employed Mortgage with Bad Credit

Shared Ownership Mortgage with Adverse Credit

Right to Buy as a Bad Credit Applicant

Commercial Mortgages for Bad Credit Borrowers

Deposit Requirements for Bad Credit Mortgages

Finding a Mortgage Offer After Rental Arrears

How Can I Repair my Credit Score to Get a Mortgage?

How Does the Help to Buy Scheme Work for Bad Credit Applicants?

How to Decipher Your UK Credit Reports

How to Secure a Bad Credit Buy to Let Mortgage

Is it Possible to Find a Mortgage After Bankruptcy?

How to Qualify for a Mortgage with Zero Credit Score

Joint Mortgage Applicant Has Bad Credit

Are There Mortgage Options After a Debt Management Plan?

Are There Mortgage Options After a Debt Relief Order?

Back|Bridging

Bridging Finances

Auction Finance

Fast Bridging Finance

Low-Cost Bridging Loans

Bridging Loans Guide

Bridging Loans for Residential Homes

Bridging Loan at 100% Loan to Value?

Commercial Bridging Finance

Bridging Loan with Adverse Credit

Fast Bridging Finance

Financing a Property Purchase at Auction

Finding Regional UK Bridging Loans

Financing an Auction Property Purchase

Bridging Finance for Land Developments

Long & Short Term Bridging Finance

Bridging Finance on Rental Investments

UK Bridge to Let Mortgage Borrowing

Using Bridging Finance for Development Projects

Back|Buy to Let

Buy to lets

Buy To Let Mortgages for Expats

Buy To Let Refurbishment Mortgages

Buy to Let Interest-Only Mortgages

Changing Your Mortgage to Buy to Let

Mortgages for Buy to Sell Investments

Company Mortgages for SPVs

Stamp Duty for Buy to Let

HMO Finance

LTD Company Property Finance

Holiday Let Mortgages

Holiday Let Mortgages 80 LTV

Repayment Mortgage for Buy to Let

Buy To Let Mortgages For New Builds

Buy to Let Mortgages Guide for Investors

Buy To Let Mortgage With Poor Credit

Let to Buy

BTL UK Portfolio Mortgages

Portfolio Landlord Mortgages

Property Refurbishment Finance

Best Buy to Let Mortgages: 75% LTV

Buy to let 80% LTV Mortgages

Buy to Let Remortgage

Securing BTL Mortgage Quotes & BTL Agreement

Buy to Let Mortgages for First Time Buyers

Buy To Let Mortgages For Retiree Landlords

Back|Development Finance

Development Finance

Development Finance Explained

Guide to Construction Finance

Development Exit Finance

Why Location Matters in Development Finance Applications

Development Finance for Residential Properties

Finance a Property Development with No Deposit

Development Finance Applications

Development Finance ROI

Checklist of Considerations before you Develop Your First Propertyce

Development Finance FAQs

Lender Criteria for Development Finance

Back|Self Employed

Self Employed Mortgages

Company Director Mortgages

Mortgages for LLPs

BTL Mortgage If You Are Self Employed

Self-Employed Mortgage After 2 Yrs Accounts

Mortgages For Newly Self Employed

Mortgage for Partnerships & Sole Traders

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Back|Mortgage for Professionals

Mortgages for UK Professionals

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Mortgages For Social Workers

Back|Lifetime Mortgages

Lifetime Mortgages

Equity Release With & Without Mortgage

Equity Release with a Mortgage

Interest-Only Equity Release Mortgages

Home Reversion in Equity Release Financing

Analysing Equity Release Product Safety

Equity Release as a Retirement Strategy

Repaying an Equity Release Mortgage Early

Back|Expat Mortgage

Expat Mortgages for UK Nationals

Expat Remortgages for UK Nationals

Finding a UK Mortgage Broker as an Expat

Buy To Let Mortgages for UK Expats

Mortgage Calculator Guide for Expats

Back|Interest Only

Interest Only Mortgages

Switching Your Mortgage to Interest-Only

Part Repayment & Interest-Only Mortgages

Repayment vs Interest-Only Mortgages

Interest-Only Mortgage for First-Time Buyers

Secured Interest-Only Home Loans

Interest-Only Retirement Mortgages

Interest-Only Lifetime Mortgages

Repayment Vehicles for Interest Only Mortgages

Back|Mortgage Affordability

Mortgage on 5.5 x Salary

Mortgage on a Single Income

Mortgage with an Overdraft

Mortgages on 4 - 4.5 x Salary

Mortgage based on Salary

Mortgage on a Single Income

Requirements for a £350,000 Mortgage

Mortgages at 6 x Income

Affordability Check for a Mortgage Application

How Do Mortgage Affordability Checks Work?

Back|Mortgage Application

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Foreign National Mortgage

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Single Parent Mortgage

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Mortgage Agreement in Principle

Joint Applicant, Sole Proprietor Mortgages

Single Parent Mortgage

Joint Mortgage Applications

Rejected Mortgage Application

Back|Income Types

Mortgage with Non-Mainstream Income

Mortgage on a Temporary Work Contract

Mortgage on a Zero Hours Contract

Mortgages for Part-Time Workers

Mortgage Applications Based on Pension Income

Mortgage Options for Gambling Income

Mortgages for Freelancers & Self-employed

Mortgages for Contractors with Variable Income

Mortgages for Agency Staff Employed Through an Umbrella Company

Back|Residential Mortgages

Residential Finance

Moving Home

Consumer Buy to Let Mortgages

Specialist Mortgages

Second Charge Mortgage Brokers

Offset Mortgages

Shared Ownership Mortgages

Self-Build Mortgages

Regional First-Time Buyer Mortgages

Interest Only Mortgages

Tier 2 Visas Mortgages

Mortgages at 95% Loan to Value

Back|Commercial Mortgages

Commercial Property Finances

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Semi Commercial Mortgage

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Mortgages with Bad Credit

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Business Through Mortgage Lending

Deposits on Commercial Mortgages

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Affordability Criteria in Commercial Mortgages

Pros & Cons of Commercial Mortgages

Buy to Let Mortgages for Businesses

Mortgage Terms on Commercial Lending

Asset Finance & Working Capital

Unsecured Business Loans

Business Expansion Finance

Invoice Finance

Partnership Buyout Finance

Hire Purchase

Lease Purchase

Back|Property Types

Mortgage Rates on New Constructions

Timber Framed House Mortgages

Home with Identified Asbestos

Mortgage on a Maisonette

Property with a Deed of Covenant

Mortgages on Non-Standard Developments

Mortgages on Single Brick Properties

Eco-Friendly Home Mortgages

Ex-Local Authority Flat

Flying Freehold Mortgage

Thatched Roof Property

Flat Mortgages for High Rises

Studio Flat Mortgage

Mortgage on a Home with a Flat Roof

Mortgage Survey Undervalues Your Property

Properties in Flood Risk Areas

Mortgage Lending on Homes with Annexes

Steel Framed House Mortgages

Mortgages for Concrete Properties

Mortgages for Leasehold Properties

Mortgaging a Cottage Property

Mortgage for below Market Value

Repossession Property Purchase

Planning Permission for British Properties

Mortgage on a Home Adjacent to Commercial Properties

Back|Remortgages

Back|Mortgage Declined

How To Deal With Having A Mortgage Declined On Affordability

Finding a Solution When You Have Had a Mortgage Declined Post-Valuation

Help for Homebuyers Who Have Had a Mortgage Declined After Agreement in Principle

Tips and Advice on Proceeding If You Get Declined for a Mortgage After Exchanging Contracts

What to Do if You Have Had a Mortgage Application Declined

Back|First Time Buyers

First Time Buyers

Deposit Requirements

First Time Buyer Guarantor Mortgages

Applying for a First-Time Buyer Mortgage

Finding a First Time Buyer Mortgage With a 5% Deposit

First-Time Buyer Stamp Duty and Mortgage Costs

Back|Offset Mortgages

UK Offset Mortgages

What is a Flexible Mortgage - And Who is It Best Suited To?

Offset Mortgages Rated - Pros and Cons

Average Rates on UK Offset Mortgages

What Are Cashback Mortgages - and How Do They Work?

How To Find the Lowest Fixed Rates on Offset Mortgages

Is a UK Current Account Mortgage Right For You?

Guide to Offset Mortgage Online Calculators

How Family Offset Mortgages Work

Mortgage Reserves - How an Offset Works

Back|Other Mortgages

Second Charge Mortgages Brokers

Applying for a Mortgage With a New Job

Mortgages for Uninhabitable Property Purchases

Can I Mortgage a Contaminated Land Investment?

Can I Mortgage a Listed Grade Two Property?

Can I Get a Mortgage While on Maternity Leave from Work?

How Does a Public Footpath Impact My Mortgage Chances?

How Many Mortgage Products Can I Have Simultaneously?

What Deposit Sources are Acceptable in the UK?

What Sort of Homeowner Loan Am I Eligible For?

Complete Guide to the UK Mortgage Process

How Can a Broker Improve My Mortgage Eligibility Assessment?

Finding the Best Interest-Only Mortgage Lenders

Which mortgage lenders offer the best rates on buy to let products? Find out with our independent guide to choosing the most suitable lender for your interest-only mortgage deal.

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About your mortgage

Single or joint mortgage?

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What’s your yearly income?

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Based on your yearly income,

you may be able to borrow

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

£0

Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.

£0

Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.

£0

Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

Get A Quote

Almas Uddin

Founder and Mortgage Advisor

2023-05-09

Finding the Best Interest-Only Mortgage Lenders

Interest-only mortgages have become a less common product, and the Revolution Brokers team deals with multiple enquiries asking for help working out which lenders offer the best products or the most competitive rates.

Lenders all work on their own criteria, and so it can be challenging to work out who to apply to, particularly if you have been turned down for lending from a high street bank or mainstream provider.

In this guide, the mortgage brokers team runs through the criteria that lenders will work to, and how to find the right lending. For tailored support with your interest-only mortgage requirements, give the team a call on 0330 304 3040, or drop an email to [email protected].

Which UK Mortgage Providers Offer Interest-Only Products?

Lots of lenders offer interest-only lending, although this is becoming less common. High street lenders may have strict criteria that limit the number of applicants they will accept.

Already Interested, Let’s Get Started!

The following

topics are

covered below

How Do Eligibility Criteria Work for Interest-Only Mortgages?

Can I Get an Interest-Only Mortgage on a Residential Property Purchase?

Which are the Best UK Lenders to Apply to for an Interest-Only Mortgage?

Which UK Interest-Only Lenders are Most Likely to Approve my Application?

Expert Advice on UK Interest-Only Mortgages

Show less

Why Revolution Brokers?

Whole of market brokers

Mortgage that suits you

On time customer support

How Do Eligibility Criteria Work for Interest-Only Mortgages?

Most lenders will look at the following factors before deciding if they can offer to lend:

Your deposit, and the Loan to Value ratio

Most interest-only mortgages need a higher deposit than repayment lending - often around 25% as a minimum. As an example, some of the larger high street lenders do have interest-only products, but with a maximum cap of 75% Loan to Value - this includes HSBC, Lloyds, Barclays and the Post Office bank.

Your repayment strategy

Lenders need to know how you will repay the loan balance at the end of the term. Some lenders will consider a plan to sell the property acceptable, but many will not.

Providers may also require you to receive independent financial advice before proceeding with an interest-only application - such as Barclays. Other lenders, such as Halifax and Santander, do not have such a requirement but will ask for updates throughout the mortgage term to ensure your repayment strategy remains viable.

Can I Get an Interest-Only Mortgage on a Residential Property Purchase?

You can - although interest-only loans are most common in the buy to let property sector. However, lenders can offer residential interest-only mortgages.

The process will consider your affordability rating, as well as how stable your repayment plan is.

Which are the Best UK Lenders to Apply to for an Interest-Only Mortgage?

Initially, we'd advise against contacting your existing mortgage provider or bank - because it is highly likely that you will achieve more competitive rates by comparing products from across the interest-only lending market.

Your bank may also reject your application, leaving a mark on your credit score, which can be problematic when applying to a more suitable lender.

Online calculators can be useful in getting a rough idea of costs and maximum borrowing values, but are only ever indicative and should not be used as the basis for taking out lending secured against your home.

For help understanding which lenders are most likely to accept your application, and offer the most appealing terms, contact Revolution on 0330 304 3040.

Which UK Interest-Only Lenders are Most Likely to Approve my Application?

The key to a successful application is to know the lender criteria and prepare your application in advance, to ensure you meet all the essential requirements.

It can be impossible to know, or find out, their criteria without using an expert for advice, so we always recommend contacting an independent broker for support with identifying the best lenders to apply to.

Expert Advice on UK Interest-Only Mortgages

For help identifying the right interest-only mortgage lender for you, comparing products, and securing competitive lending, contact Revolution Brokers on 0330 304 3040, or email us at [email protected].

As an independent whole-of-market broker, we are proud to support every client in finding the best lending options, and the most attractive rates, leveraging our years of experience to secure successful outcomes.

Almas Uddin

Founder and Mortgage Advisor

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As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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Find out more about us

Finding the Best Interest-Only Mortgage Lenders

Discover What Our Customers

About your mortgage

Based on your yearly income, you may be able to borrow

Finding the Best Interest-Only Mortgage Lenders

Which UK Mortgage Providers Offer Interest-Only Products?

How Do Eligibility Criteria Work for Interest-Only Mortgages?

Can I Get an Interest-Only Mortgage on a Residential Property Purchase?

Which are the Best UK Lenders to Apply to for an Interest-Only Mortgage?

Which UK Interest-Only Lenders are Most Likely to Approve my Application?

Expert Advice on UK Interest-Only Mortgages

Whole of market brokers

Mortgage that suits you

On time customer support

How Do Eligibility Criteria Work for Interest-Only Mortgages?

Can I Get an Interest-Only Mortgage on a Residential Property Purchase?

Which are the Best UK Lenders to Apply to for an Interest-Only Mortgage?

Which UK Interest-Only Lenders are Most Likely to Approve my Application?

Expert Advice on UK Interest-Only Mortgages

Further Reading

Interest-Only Lifetime Mortgages

Switching Your Mortgage to Interest-Only

Part Repayment & Interest-Only Mortgages

Finding the Best Interest-Only Mortgage Lenders

Mortgage Rates for Interest-Only Borrowing

Residential Interest-Only Mortgage Options

Interest-Only Average UK Mortgage Costs

Interest-Only Mortgage for First-Time Buyers

Secured Interest-Only Home Loans

Switching to a Repayment Mortgage from Interest-Only

Repayment Vehicles for Interest Only Mortgages

Offset Mortgages - Is Interest-Only a Good Option?

Property Investment Mortgages on an Interest-Only Basis

Interest-Only Retirement Mortgages

Mortgage Lender Criteria for Interest-Only Lending

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Based on your yearly income,

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