We're looking to remortgage but want to stay interest only.
Anyone know of anyone still offering interest only mortgages without you having to have millions in the bank? Thanks
There are a couple of lenders who will do it, most need you to be earning around Â£70k a year and have about 50% equity, although there are some exceptions. It may cost you a little more in rates than the high street are offering however. Have you spoken to your current lender to see if they can switch you to a new deal?