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    With home affordability at an all time low, the number of UK mortgages that are borrowed on an interest only basis has risen steadily over the past few years.

    This is because interest only mortgages are cheaper to maintain in the short-term as the mo

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    ber of UK mortgages that are borrowed on an interest only basis has risen steadily over the past few years.

    This is because interest only mortgages are cheaper to maintain in the short-term as the m

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    t only basis has risen steadily over the past few years.

    This is because interest only mortgages are cheaper to maintain in the short-term as the m

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    are cheaper to maintain in the short-term as the monthly repayments are smaller. With mortgage expenses accounting for more than a third of the average UK household budget, any opportunity to reduce the cost is welcome.

    However, the downside to an i

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