Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Deferred Interest Mortgage as it relates to mortgages in the UK. Deferred Interest Mortgage This is a mortgage where not all of the interest due is paid in the early years. The payment of interest is delayed or deferred until a later date. This type of mortgage is often set up for professionals who are likely to have big increases in income in the future, or for people who's circumstances are changing.     Previous 10 terms < Default < Credit File < County Court Judgements < Conveyancing Fee < Conveyancing < Contract Race < Conditional Insurances < Completion < Charge Certificate < Charge Next 10 terms Discounted Mortgages  > Draw Down Facility  > Early Redemption Charge  > Endowment Mortgages  > Equity  > Essential Repairs  > Exchange of Contracts  > Existing Liabilities  > First Time Buyer  > Fixed Rate Mortgages  >