Repayment mortgages
Repayment mortgage overview
A repayment mortgage involves regular, usually monthly payments which reduce both the loan amount and the interest that is accruing on this loan amount. These repayments are made over a specified period which is usually 20 – 25 years. During the early years of a repayment mortgage, the majority of each monthly payment goes towards paying the interest owed. The amount paid off each year increases as the mortgage term progresses. If all payment requirements are met in full throughout the lifetime of the mortgage, the amount will be fully repaid at the end of the term.
Repayment mortgage options
The Financial Services Authority suggests that before you consider taking out a long term financial product such as a repayment mortgage that you may wish to consult a financial advisor. Our fully independent financial advisors have a great deal of experience of working with clients to research the repayment mortgage market and find a product that is right for them.
Free repayment mortgage consultations
Our aim is clear, to provide repayment mortgage advice that best fits our clients’ needs. We are able to do this as we are fully independent. We search the entire market to recommend the right product. We offer free consultations to allow you to discuss your repayment mortgage requirements with us. During this consultation, our financial advisors will discuss every element of the particular mortgage arrangement to allow you to make an informed decision as to the best way forward. To arrange your free consultation please >click here.
Please note: Your home may be repossessed if you do not keep up the repayments of a mortgage or loan secured on it.
