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Please note that if any part of your mortgage is Interest Only, your mortgage balance does not reduce on this part as you are only paying the interest
Please note this calculator is for illustration purposes only and will not provide an accurate figure bespoke to your account.
It is your responsibility to ensure you have in place a realistic repayment vehicle to support the Interest Only element of your mortgage. If you require advice on this you should consult a financial adviser.
Kensington is not regulated to provide advice on whether switching part of your mortgage to a repayment basis is an appropriate course of action for you but if you would like to discuss the mechanics of how to switch your mortgage from Interest Only to Part and Part basis, and receive an accurate quotation of the costs involved, please call us on 0345 199 2222.