<prompt> Human: Hi thereI live in NSW, Australia but am English and own a property there. Its currently rented and, when I factor in management fees and real estate fees, costs me around 50 to make-up the payments on a repayment mortgage. Its currently with halifax, and about 8.5 years in to a 25 year repayment mortgage - SVR now.I can write interest payments, strata fees and other expenses off when completing my tax return here in Australia, though the payments I make on the capital aspect of my mortgage from my rental income are currently taxed at 37. As the GBP has gotten stronger, this will become more and more expensive.I have always been of the school of thought that a repayment mortgage is better than interest only, especially since the GFC led to the property a 2 bed apartment being in negagive equity for a number of years.However, its value has recovered to break even levels now. I will not sell it until its either paid off or will make me a tidy sum. However, I am thinking about going interest only on the mortgage, so that any cash I am paying tax on I actually receive in cash. I imagine that this will lead to a profit of around 200 GBP per month.Does anyone have thoughts on this, or is anyone in a similar situation? Ideascomments would be massively appreciated.  <response>: You say you wont sell it until its paid off or will make some money. If you switch to interest-only you basically take one of these options off the table since you wont be paying it off... 