Repayment or Capital and Interest Mortgage

This is the simplest type of mortgage. The payments made to the lender every month repay both the capital and the interest from the loan. Provided the monthly payments are paid when they fall due, then they are guaranteed to pay off the loan by the end of the mortgage term.

At the beginning of the mortgage term, the monthly payments consist mainly of interest. The amount of capital owed gradually reduces during the term and the interest part of each monthly payment decreases, while the capital element increases.

The lender calculates your monthly repayments depending on the amount borrowed, how long for, the interest rate & how the rate you have chosen is set.

Also See:

 Interest Only

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME.  YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 

We do not charge fees.  If you choose to proceed with our recommendation and the mortgage goes ahead, we will be paid commission from the lender for arranging the mortgage on your behalf.

The amount of commission we receive varies from lender to lender. Information about the range of commissions available to us from the mortgage products we recommend is available on request.

You will receive a personalised illustration when considering a particular mortgage. This will highlight the key facts about the mortgage product, including any fees relating to it and the amount of any commission due to us from the mortgage lender.

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