Repayment Mortgages

When the mortgage's term has come to an end, providing all the mortgage repayments have been met, the property will be in the hands of the homeowner. This is a no risk mortgage option, however you will need to make payments as and when requested by the mortgage lender, if you fail to pay the amount requested each month, then you are likely to suffer a shortfall at the end of the mortgage term.

This type of repayment method is also known as a Capital & Interest mortgage - your monthly repayments pay off the interest and some of the capital borrowed each month. This is the only method that ensures your mortgage is totally paid off by the end of the term, as long as you keep up your payments.