In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

Interest-only mortgages require only interest payments initially, raising future payment amounts. These mortgages suit those expecting higher future income or planning to sell properties soon.

Combining a repayment and interest-only mortgags could become more popular as part of a push towards more flexible lending ...

Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in, and we will get one of our experts to reply. Nick Mendes, mortgage technical ...