Home > Mortgages > Interest Only Mortgages


Borrow £25,000 to £500,000.
Property Purchase and Re-mortgages.
CCJ's, Defaults and Missed Payments.
Mortgage Arrears and DMP’s.
Part Interest Only & Part Repayment.


I confirm that I have read and consent to my personal information being processed in accordance with The Money Hub's Privacy Policy. I also confirm that I have read The Money Hub’s E-Marketing to Customers and consent for The Money Hub to market to me by email. On receipt of this enquiry we will contact you to discuss your requirements.
100% Secure


We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

Customer Reviews


How we work?
By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file for a qualified adviser to review. After a full review of your credit profile the adviser will discuss this with you, provide advice and discuss possible quotations.

If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline our process going forward.
What sort of bad credit do you accept?
We have lenders that will accept clients who have had County Court Judgements (CCJ’s), Defaults, Missed payments, Debt Management Plans (DMP), Individual Voluntary Arrangements (IVA) and discharged bankruptcy. The general rule is that any bad credit needs to be registered over a year ago.
Do I need a deposit / equity?
Yes. You will need a minimum of a 10% deposit however, this is does depend on the level of bad credit that you have, so for example, if you have had CCJ’s/mortgage arrears in the last 2 years you may need to have 15%+ deposit. If you are buying a property through a shared ownership scheme we have lenders that do not require you to have a deposit. If you are buying a property through the Help to Buy scheme we have lenders that can help you providing you have a 5% deposit to put down.
How long does a bad credit mortgage take to arrange?
Once a Decision in Principle (DIP) has been done the typical arrangement times from mortgage application to offer is 1 month. Specialist bad credit mortgages do take more time when compared to standard high street mortgages, due to the extra due diligence that is required on these cases.
I have a low credit score – does that matter?
No. We have lenders some of whom are high street Building Societies that will lend to you if you simply have a low credit score, due to not being on the voters roll or not having much active credit. If you have a low credit score as a result of bad credit (CCJ’s/defaults/missed payments etc) we certainly have specialist lenders that can help.
I have been declined by other brokers – can you help?
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now, we will explain why and provide advice as to what you need to do to be able to get a mortgage in the future.

Interest Only Mortgages - Poor Credit Homeowner Loans

Interest only mortgages may not have enjoyed the best of reputations historically however an interest only mortgage certainly has a place in the right circumstances.

An interest only mortgage is exactly what the name implies. Interest on the loan amount is repaid, not the capital amount of the loan. The amount borrowed is then paid back at the end of the loan. With a repayment mortgage a small amount of the capital is repaid monthly along with the interest on the full amount.

Interest only mortgages were very popular prior to the financial crisis when many people were found to not have the capital at the end of the mortgage term to pay off the loan amount. Endowments were used with strong growth forecasts but many of these underperformed. As a result it is now much harder to get an interest only mortgage unless the deposit is large and planning is in place to settle the mortgage at the end of the agreed loan period. If an interest only mortgage is granted it is usually with the proviso that a repayment plan is in place, for example ISAs or other investments. The lender may periodically ask to check the performance and value of these investments to ensure there will be sufficient capital at the end of the loan period.

People who have an interest only mortgage currently may investigate the opportunities offered by switching to a repayment mortgage or by increasing contributions into an investment plan that will realise sufficient capital upon maturity. Anyone who has an interest only mortgage currently and may be concerned about settling the loan at the end of the loan agreement may consider talking to us about potential courses of action to ensure having viable options available when required.



We are currently processing your details

Thank you for your patience