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Repayment Mortgages
Every month, your payments to the lender go towards reducing the amount you owe as well as repaying the interest they charge. So each month you are paying off a small part of your mortgage.
Advantage with repayment mortgages:
- Simple, straightforward and easy to understand.
- Guaranteed to pay off your mortgage at the end of the mortgage term, as long as all payments are made on time.
- You can see your loan getting smaller.
Disadvantage with repayment mortgages:
- In the early years your payments will be mainly interest, so if you want to repay the mortgage or move house in the early years, you will find that the amount you owe has not gone down very much.
But the wrong mortgage can cost you more £’s than it should, therefore independent impartial advice is essential.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why Repayment Mortgages from Homesavers Mortgages?
- Access to repayment mortgages throughout the UK
- Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help people, just like you, find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages.
| What are my options? |
| 1 | Phone Us Free Phone Number |
| 2 | Quote Form Free & No Obligation |
| 3 | Call Back We will phone you back |
Your home is at risk if you do not keep up with payments on your mortgage or other loans secured on it.
Depending on your circumstances, a fee of £95 or 1% of the mortgage amount may be charged upon completion
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