With a repayment mortgage, your monthly payments to the lender go towards reducing the amount that you owe as well as repaying the interest they charge. That means that each month you’re paying off a small part of your mortgage.
It’s a clear approach – you can see your mortgage getting smaller and provided you maintain the payments, you also have the certainty that your mortgage will be repaid at the end of the term.
Initially, the majority of your payments go towards interest on your mortgage, which means in the early years, the amount you owe won’t reduce by very much.
This is the background of the Bottom Area shown below. It'll display correctly on published site.
If you don't want background for the bottom area, simply hover over the bottom of this image to delete it. The background of the bottom area will be a solid dark color.
We will advise you on how much you can borrow.
Supply quotes based on various lenders rates.
Explain all hidden costs associated with your mortgage.
Keep you updated on the progress of your mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage. We do not charge fees for arranging your mortgage as we are paid by the lender. However, if you prefer, you can pay us a broker fee of up to 1.5% of the mortgage amount and receive the lender's fee yourself.