Interest-only mortgages can often seem appealing at first glance. After all, you're initially only paying back the interest of the loan, which means monthly repayments are far less than with a full capital and interest arrangement. You'll of course have to repay the full mortgage eventually, but that's years away, right? Well, for many interest-only borrowers, the deadline is closer than they'd like.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.