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Interest only maturity

We are here to help you unlock your options when your interest only mortgage (IOM) ends.

Call us now for free on 0808 1686 719, Monday to Friday 9am to 5pm

We help homeowners understand their financial options

Get in touch with us if:

  • Your mortgage term has ended
  • You still owe money with no means to repay

We have an interest only maturity advice service. We can help you find ways to deal with your mortgage when you do not have the money to repay the rest of the balance.

We can:

  • Give free and impartial advice
  • Help you understand your options
  • Make sure you have the confidence to make informed choices

How we help homeowners

First we will check the options with your current mortgage provider. Then we will search the whole market to identify your alternatives, such as:

If re-mortgaging is not an option we can discuss downsizing or a different solution. We will make sure you get the advice and support you need to make the right choice. Read our homeowners guides.

Our advisors are salaried with no sales targets, bonuses or commission. This creates a safe space for you to look at all your options. This way, we can make sure the recommendations are right for you.

How can I repay my matured IOM?

First we find out what the options are with your existing mortgage provider. Then we will work with you to find out what other solutions you can consider.

Residential mortgages

  • You remortgage to a different provider. One that offers a longer mortgage term
  • You will have to repay it in the future
  • This gives you breathing space to consider your long-term plans

Equity release

  • Designed specifically for those in or near retirement
  • Lasts until your home is sold
  • Lending is based on age and property value more than affordability
  • You can choose to make monthly repayments. Or repay what you owe when your home is sold

Retirement mortgages

  • These bridge the gap between residential and equity release mortgages
  • Could allow you access to lower interest rates and greater flexibility. Subject to affordability

We will talk you through the advantages and disadvantages of any recommended solution. This is so you are in a position to make an informed choice.

More information about

These solutions are not for everyone. We will look at all your options.

Jacqueline on Feefo says:

"Can't fault the service."

"StepChange helped me to secure a mortgage and from the very start they were helpful and professional and followed the procedure right through to completion."

Get help like Jacqueline

Why choose us?

  • Free advice service: We do not charge you for advice. There are no hidden charges
  • Unbiased: Our advisors are paid a salary. There are no sales targets, bonuses, or commissions. The advice you receive is always in your best interests
  • Trustworthy: Our Financial Solutions clients gave us a 4.9 out of 5-star average review on Feefo in 2022
  • Award-winning: We have won many awards for our service over the years

Important things to consider

Here are some things to consider when assessing your suitability for a residential mortgage or equity release solution:

  • Releasing equity may affect your tax position and entitlement to means-tested benefits
  • Think about other options, such as downsizing to a smaller property
  • Future property prices may be higher or lower than they are today
  • Releasing equity from your home will reduce the value of your estate. This will affect the amount of inheritance you may leave
  • Think carefully before securing other debts against your home
  • To understand the features and risks of any plan ask for a 'personalised illustration'
  • Your home may be repossessed if you do not keep up repayments. This applies to residential & retirement mortgages only

To understand the benefits and risks, ask for a personalised illustration.

Ready to find out more?

We will help you understand your choices. For free advice:

Call us now on 0808 1686 719

Or, fill out our contact form to request a call back

Debt happens. We deal with it.

We have helped millions of people since 1993.

Find out how.

"Amazing Support!"

"They are unbelievably good at helping you out. Very understanding, non-judgmental and offer you a varied range of solutions possible. I would urge anyone who's experiencing financial difficulties to get in touch with them before going to any firm that charges for the same service."

Atta, Feefo Review

StepChange Financial Solutions is a registered trading name of Consumer Credit Counselling Service (Equity Release) Ltd, a wholly owned subsidiary of StepChange Debt Charity. Authorised and regulated by the Financial Conduct Authority. FCA reg. no. 517674