Interest Only Mortgages

You can trust us to provide expert advice and guidance throughout the house buying or remortgaging process

Interest Only Mortgages

Bastille believe that interest only mortgages, for the right client, can be a valid mortgage solution. Typically clients use equity in the subject or other properties, and need a 15 to 25% deposit as a minimum. Minimum income levels may apply, and some banks may require regular payments into ISA’s or pensions, or a yearly overpayment. Like all scenarios we are happy to consider interest only mortgages as part of the advice that we give.

Interest only mortgages are commonly used where large variable income is received, or for self employed clients, or on second homes and can help monthly liquidity in such circumstances.

“Ben not only understands self employed accounts and challenges but also the benefit of interest only mortgages and the flexibility of lower payments when income can be fluctuating. For second homes especially this can be key to the whole project”

Mr. RG London/Kent

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

Our Simple 4 Step Process

We remain on hand throughout the buying process as negotiations often continue subject to legal work and surveys

Step 1

Call or Email Us

Call 0203 8589793 to discuss your circumstances or arrange a face to face meeting.

Step 1

Step 3

Make Your Best Offer

Make your best offer with the certainty that your budget is set and mortgage agreed.

Step 3

Step 4

Offer Accepted!

We finalise the mortgage terms with you.
Request a list of documents.
You supply them to us
and we do the rest.

Step 4

Bastille have over 20 years experience as mortgage brokers, and recognise no two circumstances are the same. Over 79 lenders have different rules, products and specialities, let us guide you to the most appropriate solution!