Mortages / Repayment Mortgage
Sometimes known as a 'Capital and Interest' mortgage. The original and traditional mortgage and regaining popularity due to recent concerns over the poor performance of some 'endowment' policies and allegations of miss-selling of these policies. The loan is repaid over an agreed period, typically 25 years. Your single monthly payment covers interest on the loan and part of the capital. During the early years, a large proportion of each monthly payment is interest, in later years more of the capital is paid off. This type of mortgage is simple, flexible and guaranteed to repay the loan at the end of the term providing all payments have been met. It is advisable to take out a life assurance policy
Other Mortgages:
For further information on any of our mortgages call us on 0191 268 1049, or use our Call Back Form and we'll call you at your convenience.