Interest-only mortgages

Published on 17/06/2026

• There were 445,000 pure interest-only homeowner mortgages outstanding at the end of 2025, 17.7 per cent fewer than in 2024.
• In addition there were 156,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2025, 10.3 per cent fewer than in 2024.
• The total interest-only mortgage stock (including part and part) has reduced by 81 per cent in number and 65 per cent in value since 2012 (when these data were first collected).
• Within the total, the number of interest-only loans at higher (over 75 per cent) loan-to-values fell by 26.9 per cent in 2025. Loans at these higher LTVs now make up just 4 per cent of the total, compared with 36 per cent in 2012.
• Additionally, the number of interest-only loans set to mature by 2027 shrank by 60,000 in 2025 to 60,000 loans, a fall of 50.0 per cent.