Repaying your mortgage
The two most common repayment vehicles are;
- Capital Repayment provides certainty your mortgage will be repaid at the end of the mortgage term.
- Interest Only means your monthly payments only cover your interest repayment. The amount borrowed at the start of the loan will be outstanding at the end of the mortgage term. Interest only mortgages are most commonly used for buy to let properties, but can be used for residential loans subject to meeting certain criteria requirements set by lenders.
- All details on the most suitable repayment vehicle will be discussed with your adviser.