Interest Only+

An April Interest Only+ mortgage gives you the freedom to manage your finances in a way that works for you, plus you get all the flexibility of an April mortgage - we call that Interest Only+.

With Interest Only+, during the mortgage term, you’ll only pay the interest on the amount borrowed, significantly reducing your monthly repayments. This can give you extra financial freedom, allowing you to invest in your future or manage other expenses more easily.

Please note that this means you’ll need to repay the full mortgage amount in one lump sum at the end of the mortgage or when you sell the property.

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Flexibility and Financial Certainty

How Does it Work?

With an April Interest Only+ mortgage, you’ll make regular payments covering the interest, but the loan amount (the capital) remains the same. You have the flexibility to decide how and when to repay the capital. This could be through savings, investments, or the sale of your property at a time that suits your financial situation.

Who Might Benefit from an Interest Only+ Mortgage?

Individuals with a Clear Repayment Plan: Those who expect to downsize or expect a windfall, such as an inheritance or the sale of another property, can benefit from low monthly costs in the interim.

High-Earners with Irregular Income: Flexibility to pay off the mortgage capital in large sums as and when bonuses or investments pay off.

Key Features

Lower Monthly Payments: Only paying interest allows you to keep more cash in hand for other financial goals.

Flexibility: Repay the capital on your terms, when it suits you, without early repayment penalties.

No Nasty Surprises: Know exactly what your monthly payments will be, giving you financial certainty for the future.

Why Choose April?

At April, we believe in transparency and flexibility. You won’t be tied into rigid terms, and there are no early repayment charges if you decide to pay off your mortgage sooner. Plus, we offer competitive rates, meaning your interest-only mortgage is cost-effective from start to finish