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Interest Only Mortgages

Interest Only has become more popular over recent years with our clients, as it allows for your monthly payments to be lower than 'Capital & Interest' repayment mortgage.

However these types of mortgages come with certain amount of risk, as they do not contribute towards the repayment of your actual mortgage balance.

After going through all the pros and cons, if you decide that this is the right option for you, Brooklyns Financial will reach out to a wide range of banks, building societies and specialist lenders, we have access to and find the right offering for your personal circumstances. 

Currently many mortgage lenders, in order to attract new clients, have improved their interest only offering, as it is no longer a niche offering. Many lenders now require the borrower to earn a minimum salary of £75,000 and some have offerings for borrowers who have sufficient equity in their property.

Sale of property is still a popular acceptable repayment option for many banks and building societies along with bonuses, pensions or ISAs as repayment vehicles.

We have access to a wide selection of lenders who we can recommend for your needs.  We therefore pride ourselves on searching for the most suitable mortgage for your needs whilst keeping the experience as smooth as possible.

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We're committed to finding the right mortgage for you.

Don't take our word for it. We're highly rated by our customers on Trustpilot and Google.

Your property may be repossessed if you do not keep up repayments on your mortgage.

The latest from the Brooklyns team
We will work hard to find the right mortgage for you.
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"Brooklyns Financial exceeded all expectations with their unparalleled support, guiding me seamlessly through the mortgage process. Their expertise and dedication made securing my mortgage a stress-free experience. I highly recommend Brooklyns Financial for their exceptional service and unwavering commitment to their clients' goals."
- Goraya from Google, February 24
"Absolutely amazing service provided by Brooklyns Financial they are so helpful. Harpreet and the team were efficient and made the property purchase process run smoothly. We highly recommend them."
- Thembi from Google, December 23
"I recently experienced exceptional customer service that exceeded my expectations. The support team was not only prompt in addressing my concerns but also demonstrated a deep understanding of the mortgage product. Their professionalism and willingness to go the extra mile left a lasting positive impression, making me a loyal customer. Highly recommended for their outstanding service! Harps and Daniel were absolutely fantastic"
- Indiaa from Trustpilot, January 24