Repayment Vs Interest Only Mortgage

If you are on the lookout for a mortgage to purchase a property in the UK you could find yourself in something of a minefield, with a wide range of mortgages to select from, each offering a range of benefits to suit different needs and circumstances. However, all of these mortgages come under the umbrellas of either repayment mortgages or interest only mortgages. Read more

Tags: original mortgage, interest only mortgage, account, finance, debt, interest only mortgages

Repayment and interest only mortgages

There are many different mortgages on the market these days, with something to suit most needs and circumstances, but all mortgages come under one of two umbrellas, which are repayment mortgages (also known as capital and interest mortgages) and interest only mortgages. When you are looking for a mortgage you need to decide whether you want to opt for a repayment mortgage, which is the most popular type of mortgage, or an interest only mortgage. Read more

Tags: interest only mortgages, type, UK mortgage terminology, time buyers, repayment mortgages, mortgage term

What Is A Mortgage?

A High Price to pay

A house is probably the most expensive thing you will ever buy. Today, the average property in the UK costs approximately £195,000. Taking out a loan to cover this kind of sum is not something that should be done without a great deal of thought and consideration. Read more

Tags: mortgage definition, repayment mortgages, Mortgages, interest only mortgages, what is a mortgage