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Repayment Mortgage

A repayment mortgage is one where you pay off both the original loan and the interest on that loan via monthly payments to the lender.

At the start of the mortgage, your monthly payments consist of mainly paying the interest and only a small amount of the original loan. The further into the mortgage term you go, the more of the loan repayment gets paid off each month so you own more of the property.

 

 
 
The Greene Corporation. Statehold Limited No. 2509579, VAT No: 625 9739 02.
Registered in England. Registered office: 21 Bedford Square, London, WC1B 3HH