This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Compare RBS Interest Only Mortgages. Looking for an interest only mortgage, see our Royal Bank Of Scotland interest only mortgage calculator.

This makes our LTV . Invalid LTV.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

See the next 10 mortgages

Compare Mortgage Deals

Compare Top UK Mortgage Deals

  • Complete our 30 second form to find the latest deals
  • Compare quotes for leading UK lenders with an FCA qualified adviser with no obligation
  • Get a mortgage deal that is suited to your needs!

"Our mortgage team is committed to providing you with an excellent mortgage service".

Mortgage details

Initial rate:
Initial rate period:
Overall cost for comparison:
Product fee:

To find out more, call on

Lines are open:
Mon: 8am - 8pm
Tue: 8am - 8pm
Wed: 8am - 8pm
Thu: 8am - 8pm
Fri: 8am - 8pm
Sat: 9am - 4pm
Sun: Closed
Calls may be recorded

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

This comparison simply includes all mortgage services

Please make sure you meet the following criteria:

Compare Interest Only Mortgage Quotes!

We are 100% independent. Find the best interest only mortgage rates from UK lenders...

Mortgages Direct provides an independent mortgage quotes and advice service. When you submit this form you will be contacted by a regulated mortgage adviser to discuss your options.

What is an interest only mortgage?

Interest only mortgages are mortgage that monthly payments are made up of just the interest on the mortgage; the entire capital of the mortgage is repaid at the end of the mortgage term.

Interest only mortgages have some of the lowest monthly mortgage repayments on the market, which can help you significantly reduce your monthly outgoings.

It should be noted that the size of their monthly mortgage repayments are often smaller than standard mortgages, but the interest is often higher.

In addition, you will be more likely to fall into negative equity with an interest only mortgage because the monthly payments do not reduce the overall mortgage balance.

You can access an interest only mortgage through Royal Bank Of Scotland. You can view all the available interest only mortgage deals through our RBS interest only mortgage calculator at the top of the page.

Why do people choose an interest only mortgage?

The appeal of an interest only mortgage could be because they may result in much lower monthly mortgage payments.

Interest only mortgage when mortgage deal has come to an end:  It is commonplace for the interest of a mortgage to increase after the introductory rate expires.  If you take out an interest only mortgage after the end of your initial mortgage deal, then you may be able to avoid paying larger monthly interest payments.

Release equity in your home: Depending on the amount of equity in your property, you could access a substantial amount of finance through remortgaging to an interest only mortgage and lower your monthly payments. Remortgaging with an interest only mortgage could allow you to fund the following:

  • Home improvements
  • New Kitchen
  • New Ensuite bathroom
  • Consolidate other existing debts.

How to get an interest only mortgage

Not every interest only mortgage lender will have the same criteria for accessing finance. But it is likely that they will require the following:

  • A repayment vehicle strategy: Lenders will only grant interest only mortgages to those with a repayment vehicle strategy in place. A repayment vehicle strategy is how you intend to repay the mortgage at the end of the term. An example of a repayment vehicle strategy is using the proceeds of the sale of your existing property.
  • A low loan to value (LTV): The majority of lenders will only provide mortgages up to a certain percentage of the property’s value. The few lenders that are prepared to provide a higher LTV mortgage often only work through intermediaries such as professional brokers.

How do I get a RBS Mortgage?

Independent advice

If you are not sure whether now is the right time to remortgage or whether you can get an interest only deal, then speak to our independent mortgage broker team who will be able to offer impartial advice.

Latest news

Mortgage Rates On The Rise - Is 2023 A Good Time To Remortgage?

How do you get a low cost mortgage deal for your circumstances...more

Newletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us is a trading style of Fair Investment Company.

We've been comparing and recommending mortgage deals for many years so you can trust you're in good hands.