A repayment mortgage is where an amount of the capital borrowed is repaid each month along with interest on the outstanding balance. Interest only mortgages, which are normally only used by Landlords do not include an element for repayment of the amount borrowed, only interest. As such, payments into a savings account such as an ISA or pensions saving policy is often taken out with the aim of having enough to repay the mortgage at the end of the term, though properties are often sold long before, thereby normally repaying the debt at the time. Before taking out a mortgage, we advise our clients to take suitable professional advice from a qualified mortgage advisor.

The mortgage brokers we have worked with can be found on our who we work with page