Ryan Brailsford, director of business development at Pepper Money, explores why interest-only mortgages are re-emerging as a viable option in a modern housing market.

The Society has launched two new interest-only five-year fixed rate mortgages with no minimum income requirement.

Rates now start from 4.89%.

There were 541,000 pure interest-only mortgages outstanding at the end of 2024, 18.5% fewer than in 2023.

The lender’s interest-only proposition will comprise three phases, the first of which launches today to intermediaries on its panel.

Rates across the Society's interest-only range are down by up to 0.16%.

Interest-only mortgages could become a thing of the past by 2039, the research shows.

The Society has also launched new interest-only products for loans over £500,000.

Loughborough Building Society has strengthened its lending in retirement proposition by increasing the maximum loan to value (LTV) to 70% on interest-only mortgages that extend beyond...

The Society has also announced enhancements to its joint borrower sole proprietor criteria.