Affordability will need to be checked if borrowers wish to permanently convert to an interest-only mortgage, or where the mortgage term is proposed to be extended beyond the borrower’s expected retirement date.

Source: https://www.barryanddistrictnews.co.uk/news/national/23615431.lenders-signed-new-mortgage-charter/?ref=rss

It includes a commitment by lenders to help customers access payment holidays, switch to interest-only payments or extend their repayment terms.

Source: https://www.independent.co.uk/news/uk/politics/mortgage-rates-interest-truss-mini-budget-b2372996.html

Nine years of interest-only payments would total roughly $180,000, considerably less than the loan amount.

Source: https://triblive.com/news/world/most-of-justice-thomas-267000-loan-for-an-rv-seems-to-have-been-forgiven-senate-democrats-say/

The £2.5m five-year 12-month interest-only term loan is followed by a 24-month repayment plan.

Source: https://www.heraldseries.co.uk/news/23647220.oxfordshire-pub-company-oak-taverns-receives-2-5m-boost/?ref=rss

We take a look at whether opting for an interest-only product is a viable option for borrowers facing a mortgage shock.

Source: https://www.dailymail.co.uk/money/mortgageshome/article-11644289/Interest-mortgages-reduce-monthly-payments-risks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490