Interest-only mortgages can be tempting because of lower monthly payments, but they come with risks.
The biggest risk is that you’ll still owe the full loan at the end of the term. If you can’t repay it, you might need to sell your home or find another way to pay.
There’s also the risk of negative equity.
If house prices drop, you could owe more than your home’s worth. You need a solid repayment plan and should get professional advice to manage these risks.