Repayment Mortgages

This type of mortgage is also known as capital and interest mortgage.

Monthly payments are made up of interest charged on the amount borrowed and a portion of the capital to repay the mortgage.

During the early years, most of each month's payment is predominately interest and it is only later on that you start to repay any significant element of capital.

A low risk method of repaying the mortgage, ideal for those who want the guarantee that their mortgage will be paid of at the term end.