We will only offer interest only mortgages in limited circumstances. You will need to have a clearly understood and credible repayment strategy in place to pay off the capital and (if applicable) any accrued interest at the end of the mortgage term. You will need to review this repayment strategy during the life of the mortgage to ensure that it is still reasonable to expect it to pay off the capital and (if applicable) any accrued interest at the end of the mortgage term. All repayment strategies will be subject to approval by our mortgage underwriters.