Repayment Mortgage
A repayment mortgage can also be known as a 'capital and interest mortgage'. With a repayment mortgage you will gradually pay off the total amount borrowed over the term of the mortgage, until the full balance has been paid off.
A regular payment will be made to your lender on a monthly basis. If you are looking for a new repayment mortgage, you can use the mortgage calculator above to work out what your monthly payments would be based on the amount you need to borrow and the interest rates that apply.
Unlike an interest-only mortgage, a repayment mortgage will guarantee that the entire loan will be paid off at the end of the mortgage term.
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