Philip and Anna Stoffels initially took out an interestonly mortgage, but 18 months on they are switching to a repayment one.
Philip, 33, an inventory manager, of Acton, West London, said: "It would have been impossible to buy the property if we hadn't started off making interest-only payments.
"But the sensible thing to do is to pay the capital as quickly as possible, so we're switching."
Interest-only on their current rate of 4.99 per cent with Northern Rock costs £836 a month. This will go up to £1,260 a month once they switch to a repayment two-year fixed rate with Abbey at 5.44 per cent.
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