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What happens when my Interest Only Mortgage Ends?

Request a quote and receive a free mortgage review!

When your mortgage is due to be settled it can be daunting if you don’t have a repayment plan in place. Later life mortgages are designed for the over 55s and provide a solution for repaying these mortgages. 

Compare the market today and take a weight off your mind. 

older couple looking at equity release mortgage and debt repayment

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By submitting this form you agree to be contacted by our regulated partner to confirm your details and provide a comparison and quotation based on additional questions about your circumstances. Any personal data provided through this form will be processed in accordance with our Privacy Notice.

Compare my equity release logo

What Happens When My Interest Only Mortgage Ends?

Trusted by 1000s UK homeowners to find your best deal!

Request a quote below and receive a FREE mortgage review

We are later life mortgage experts and have successfully completed many mortgages which were declined previously. Save time and stress with genuine experts. We are not a marketing website your information is secure & NOT sold to 3rd parties.

By submitting this form you agree to be contacted by our regulated partner to confirm your details and provide a comparison and quotation based on additional questions about your circumstances. Any personal data provided through this form will be processed in accordance with our Privacy Notice.

When your mortgage is due to be settled it can be daunting if you don’t have a repayment plan in place. 

Later life mortgages are designed for the over 55s and provide a solution for repaying these mortgages. 

Compare the market today and take a weight off your mind. 

Book a FREE consultation with a qualified expert

"Superb in sourcing and arranging my lifetime mortgage and his professionalism was second to none"

expert@comparemyequity.co.uk

"Excellent service and we saved money"
Mr and Mrs Atkinson, Kent
"Excellent service and we saved money"
Mr and Mrs Atkinson, Kent
Can you gift an early inheritance using equity release

What happens if you can't pay off your interest only mortgage?

Lifetime & retirement mortgage brokers have access to a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender.

There are later life home loans that still allow monthly payments to be made.

Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages. 

A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.

"Superb in sourcing and arranging my lifetime mortgage"
Mr Holloway, Leeds
equity release mortgage broker

How can a broker help you choose the right solution?

Lifetime & retirement mortgage brokers have access to a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender. There are later life home loans that still allow monthly payments to be made.
Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages. A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.