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Interest-only mortgages
Data Published on 19/06/2019
Latest Data - 2018
Key data highlights:
- There were 1,123,000 pure interest-only homeowner mortgages outstanding at the end of 2018,13.1 per cent fewer than in 2017.
- In addition there were 360,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2018, 16.1 per cent fewer than in 2017.
- The total interest-only mortgage stock (including part and part) has reduced by 54 per cent in number and 43 per cent in value since 2012 (when these data were first collected).
- In particular, the number of interest-only loans at higher (over 75 per cent) loan-to-values fell by 13.8 per cent in 2018. Loans at these higher LTVs now make up 13 per cent of the total, compared to 36 per cent in 2012.
- Additionally, the number of interest-only loans set to mature by 2020 shrank by 91,000 in 2018 to just 126,000 loans, a fall of 41.9 per cent.
Interest-only mortgages update (PDF) Interest-only mortgages update (Excel)
