Deferred Interest Mortgage

Deferred Interest Mortgage

Interest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time.

Expert advice

For FREE mortgage advice, speak to one of our qualified expert advisors on...

0845 8620 866

Latest News

  • The FSA recently announced that should the economy see further drops in unemployment and rises in interest rates the Middle Class familis of the UK will be hit the hardest. Such vulnerability is shown due to the increased amount of borrowing over the years and can only be seen as more bad news should these two [...]
    Read more ...
  • The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, to £13.7bn and the market was entitled as being ’surprisingly strong’. The latest figures from the CML show that UK mortgage lending was up 3% in December compared with the same month a year earlier. A CML economist said [...]
    Read more ...