{"id":137920,"date":"2023-06-24T17:00:06","date_gmt":"2023-06-24T10:00:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-a-godsend-for-uk-borrowers-if-you-can-get-one\/"},"modified":"2023-06-24T17:09:22","modified_gmt":"2023-06-24T10:09:22","slug":"interest-only-mortgages-a-godsend-for-uk-borrowers-if-you-can-get-one","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-a-godsend-for-uk-borrowers-if-you-can-get-one\/","title":{"rendered":"Interest-only mortgages: a godsend for UK borrowers (if you can get one)"},"content":{"rendered":"


\nSuch deals can halve your monthly payments but lenders are picky and there are drawbacksIf you are one of those households staring down the prospect of unaffordable monthly mortgage repayments, one option is to go interest-only.Massive before the 2008 financial crisis, interest-only mortgages in which the borrower only repays the interest on the loan can almost halve a household\u2019s mortgage repayments. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest-only mortgages: a godsend for UK borrowers (if you can get one)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Such deals can halve your monthly payments but lenders are picky and there are drawbacksIf...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137920","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zSw","jetpack-related-posts":[{"id":115480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-waives-tdsr-limits-for-deferred-mortgage-repayments\/","url_meta":{"origin":137920,"position":0},"title":"MAS waives TDSR limits for deferred mortgage repayments","date":"April 8, 2020","format":false,"excerpt":"\r Borrowers who apply to defer either their home loan\u2019s principal payment or both their interest and principal payments will be exempt from the TDSR limitations. The Monetary Authority of Singapore (MAS) has clarified that certain limits for deferred payments on consumer loans and mortgages will be waived in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-opt-for-40-year-mortgages-to-get-on-property-ladder\/","url_meta":{"origin":137920,"position":1},"title":"First-time buyers opt for 40-year mortgages to get on property ladder","date":"October 9, 2015","format":false,"excerpt":"\r Proportion of borrowers taking out loans for more than 25 years has doubled in five years, raising concerns over return to risky lending practicesFast-rising house prices are forcing home buyers to stretch their mortgage terms up to 40 years to get a foothold on the property ladder, raising fears\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-interest-rate-rise-trigger-a-stampede-for-tracker-mortgages\/","url_meta":{"origin":137920,"position":2},"title":"Will the interest rate rise trigger a stampede for tracker mortgages?","date":"February 3, 2023","format":false,"excerpt":"\r Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandaryWhat does the Bank of England interest rate rise mean for you?The rush towards tracker mortgages that began even before Thursday\u2019s interest rate rise could well become a stampede after the Bank of England\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-as-a-rate-rise-looms-its-time-to-fix-repayments\/","url_meta":{"origin":137920,"position":3},"title":"Mortgages: as a rate rise looms, it\u2019s time to fix repayments","date":"March 5, 2018","format":false,"excerpt":"\r Security over monthly outgoings is vital for many homeowners. Here\u2019s a guide to the best dealsIt was a sharp reminder to a generation of homeowners that low rates would not last forever when Bank of England governor Mark Carney announced in November that interest rates were to rise for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-switching-could-save-200-a-month-as-interest-rates-rise\/","url_meta":{"origin":137920,"position":4},"title":"Mortgages: switching could save \u00a3200 a month as interest rates rise","date":"February 5, 2022","format":false,"excerpt":"\r The cost of living is soaring, but you may still be able to cut the cost of your repaymentsUnless your mortgage is already fixed for the long term, this week\u2019s interest rate rise, following hot on the heels of December\u2019s, is likely to have given you cause for concern.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-offered-40-year-fixed-rate-mortgage-by-uk-lender\/","url_meta":{"origin":137920,"position":5},"title":"Homebuyers offered 40-year fixed-rate mortgage by UK lender","date":"November 27, 2021","format":false,"excerpt":"\r Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week \u2013 and it could mean that some homebuyers will be able to borrow more money than with a standard deal. 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