Home >
All >
Interest-only on the up
The number of searches relating to interest-only mortgages soared by 53% in June, as borrowers sought out ways to lower their monthly expenditure.
More interest in interest-only
Research1 shows that ‘interest-only mortgages’ was the most common search term in August, ahead of other staples like ‘buy-to-let’ and ‘fixed-term’.
The jump is likely to be linked to the government Mortgage Charter launched in that month to support homeowners. As a result, many borrowers now have the choice to swap to an interest-only mortgage for up to six months, if needed.
Here to talk
In turbulent economic conditions, there is lots of help available if you are struggling to keep up with repayments. Get in touch today to see how we can help.
1L&G, 2023
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments
It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. No part of this document may be reproduced in any manner without prior permission.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency.
Information is based on our understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change.
Tax treatment is based on individual circumstances and may be subject to change in the future.
Other Insights of interest
28th January, 2026
Make life insurance a New Year priority
As 2026 kicks into full swing, sorting out your life insurance policy may be less…
Read full insight
21st January, 2026
Future ready: Tune into Budget changes now
Now the dust has settled on the Budget, and everyone has had a chance to…
Read full insight
21st January, 2026
Investing in 2026: Opportunity ahead in a changing world?
After a year of uncertainty, with many macroeconomic and geopolitical tensions affecting the landscape, investors…
Read full insight
14th January, 2026
Planning with purpose in 2026
As we welcome 2026, it’s the perfect time for a financial reset. A new year brings renewed…
Read full insight