Mortgages from Newcastle Independent Financial Advisers

Amethyst IFA

83 Howard Street
North Shields
Tyne and Wear  NE30 1AF

0191 257 6704 0191 257 6256 Mon - Thurs 9am to 5pm
Friday - 9am to 4:30pm

Interest Only Mortgage

How does it work?

Your monthly payments represent only the interest due to the lender, and do not include repayment of capital. Your total loan must be repaid at the end of the mortgage term. You therefore, will need to evidence that you have a credible repayment plan in place.


  • You can choose from a variety of investments, some of which have tax advantages.
  • Should you move or arrange a remortgage, your investment can usually be reallocated to the new mortgage.


  • Unlike a repayment mortgage, the amount of debt outstanding does not reduce over time
  • There is no guarantee that the investments chosen will grow sufficiently to repay your loan.

Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgages we can be paid by commission, or a fee of usually £395.

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amethyst IFA Paul Richardson Alan Dennett Malcolm Butters Liz MacBride Keith Wilkinson Stephen Anderson Karen Chapman