There has been a noticeable decrease in the number of interest only mortgages being obtained by our clients that seems to be echoed by the figures nationally.

While Interest only mortgages can offer buyers a lower mortgage payment each month it seems the fear of being unable to pay back the capital loan at the end of the mortgage is putting off most buyers. There could be a number of reasons for this but it could be that most buyers are just a little wary of taking too many risks with their assets.