Repayment Mortgages FAQ's

Back to home

UK Mortgage Lenders
Simply complete the form

We'll compare over 100 Repayment mortgage deals

No obligation

Are you looking to:

How much would you like to borrow?

Estimated value of your property?

Are you a first-time buyer?


Are you employed or can prove your income?


Do you have any CCJs?


Have you missed any payments in the last 7 years


About you

* indicates required data

FAQs - Repayment Mortgages

What is a repayment mortgage?
With a repayment mortgage, the cost of repaying the loan on your property is included in your monthly instalments. At the end of the term, you will have paid off all your debt.

How much interest do I pay?
Because the size of the loan decreases as you make repayments, the amount of interest you pay decreases too. At first, a large proportion of your repayments will go towards servicing the interest, but in time you will be paying back larger and larger chunks of the loan.

Is a repayment mortgage cheaper than an interest only mortgage?
In the long run, yes. Although your instalments will be considerably cheaper with an IO mortgage, at the end of the term, you still have to pay interest on the full amount of the loan for the duration of the term, and then pay off the debt you started with.

Will I have to pay a large deposit?
No. Depending on your credit history, some lenders may offer a 100% mortgage.

Is it worth gambling on property prices increasing and taking out an interest only mortgage?
Only take out an interest only mortgage if you are buying the property as an investment rather than a home. On one hand, the value of the property may go down. On the other, if the value of your property goes up, the chances are house prices in general will increase too. In other words, what you gain on your current property, you will have to plough straight back into your next home.

The Mortgage Broker – Call us on 0800 822 3355

Other Useful Sites

The Mortgage Broker are specialists in Repayment Mortgages. Complete the form above and One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal.

For Quotes & Advice on Repayment Mortgages deals complete our comparison enquiry form.

Compare Bad Credit Mortgages

Bookmark this page:

BlinkList Digg it Furl reddit Yahoo MyWeb Google Netscape StumbleUpon ma.gnolia Spurl Rawsugar Netvouz Facebook

Valid CSS! Valid XHTML 1.0 Strict