Halifax has added an interest-only calculator to its broker hub.
The lender says the software allows advisors to see the maximum loans they can offer to their customers with interest only or a portion of interest only, particularly when using the sale of mortgage property repayment plans. 
This adds that the calculations on the sale of mortgage property repayment plans take into account different layers of the amount of stock needed.
This move comes after feedback from the broker.
At the end of 2023 there were 664,000 pure interest-only homeowner mortgages, according to UK financial data in June.
At the end of 2023, it added that at the end of 2023, homeowners' mortgages with only partial interest payments will be 9.9% less than in 2022.
This is a decline since 2012, when these mortgages were occupied by around 3 million households.
At the time, the Financial Conduct Authority warned that around 1.3 million people who held these loans were not going well to get enough savings to pay off their principal obligations when they were deferred.
