Interest-only mortgages – how can we help you

If you’ve got an interest-only mortgage with Halifax, it’s important you have a plan in place to pay the lump sum when it ends. If you haven’t got a plan, or you’re worried you won’t have enough to repay it, let us know – we're here to help.

Why an interest-only mortgage is different

With repayment mortgages, you pay off the interest and some of the capital each month, by the end of the term paying off the mortgage in full.

With interest-only mortgages, you only pay off the interest on the amount you borrow. You then have to pay the full amount.

Let us know your repayment plan

If your interest-only mortgage is coming to an end, let us know – we are here to help – tell us what your plan is to repay it. This could be anything from an endowment plan to selling assets you own to repay it.

If you’re worried about it, tell us so we can help as soon as possible. There are various options available if you think you have a shortfall. The sooner you act, the sooner we can help you get back on track.


Get in touch

If you’ve had a letter from us about your plans to repay, or you’ve got any questions, get in touch – we’re here to help. The sooner you call, the sooner we can help.

0808 145 0382

Lines are open Monday 8am to 8pm, and Saturday 8am to 1pm.