Interest-only mortgages

Published on 18/06/2025

• There were 541,000 pure interest-only homeowner mortgages outstanding at the end of 2024, 18.5 per cent fewer than in 2023.
• In addition there were 174,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2024, 13.0 per cent fewer than in 2023.
• The total interest-only mortgage stock (including part and part) has reduced by 78 per cent in number and 61 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 25.7 per cent in 2024. Loans at these higher LTVs now make up just 5 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 67,000 in 2024 to 120,000 loans, a fall of 35.8 per cent.