Repayment Mortgage

As the most popular mortgage type available, this option simply requires you make monthly repayments for a mutually agreed term (usually 25 years), until both the interest and the capital are paid back. Part of each monthly repayment will go towards the interest, and part towards the capital.

Is it right for you? Here's what you need to weigh up..

This loan guarantees that by the end of the loan, your mortgage will be paid off in full

It can allow for cheaper mortgage in the future. The more of your home that you own (the share that is paid for), the better the mortgages that can be made available to you


In the early days, more of your monthly payments go towards the interest than the capital. So, if you decide to move house after only a few years, the amount of capital you owe won't have changed a huge amount

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