Repayment Mortgage

Repayment mortgages are the most popular mortgage type in the UK, and the safest option for house-buying.

How does it work?
With a Repayment mortgage, the payment you make to the lender each month amounts to the interest you owe, plus an amount of the capital you borrowed.  Providing you continue to make your monthly repayments, you are guaranteed to have paid off the mortgage at the end of the term.

No Risk of a shortfall
Providing your repayments are made properly each month, there is no risk of the mortgage balance being left unpaid at the end of the mortgage term.  This is the main reason many people prefer the safety and security of this type of mortgage. 

Types of Repayment Mortgage
Deciding that you want a repayment mortgage is just the first step, next you need to choose which type of mortgage you want.  Your options include;

• Fixed Rate
• Variable Rate
• Capped Rate
• Flexible 
• Offset
• Tracker Rate

Long Term Commitment
A mortgage is a long term commitment so you need to be sure that you have made a wise choice.  Speak to a qualified financial advisor, who will analyse your circumstances and give you advice to help you make an informed choice.