Daily Interest Mortgages

Mortgage with Daily Interest

Daily interest mortgages are mortgages on which the interest on the outstanding balance is calculated daily.

Every payment made reduces your daily interest mortgage balance from the very next day. Interest will then be calculated on this reduced balance for the rest of the month which means you pay less in the long run.

By overpaying it is possible to save even more money because your balance reduces the next day which means that not only is less interest charged, but the term of your mortgage could be reduced.

With an Equity Release plan you could raise up to 50% of the property’s value (subject to age and gender). Equity release plans could also be placed on non-residential homes if required.


World of Mortgages is authorised and regulated by the Financial Services Authority. Our FSA registration number is 430499. The FSA do not regulate certain mortgages.
The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

We charge a fee usually 2% of the loan amount with a minimum of £2,999. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. The overall cost for comparison is 5% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
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