Clear Cut Mortgages - Capital & Interest Repayment Mortgages

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Capital & Interest Repayment Mortgages

With a repayment mortgage the monthly payments consist of both the interest charged and a portion of the capital borrowed.

Simply put if you have a repayment mortgage and maintain all the required payments for the whole of your mortgage contract, at the end of the term you will owe the lender nothing and own your property outright.

During your mortgage term your annual mortgage statement will show how much your capital balance has reduced by.

What type of Mortgage client are you?

Authorised and Regulated by the Financial Services Authority. Your home may be repossessed if you do not keep up repayments on your mortgage. Your existing lender may require an early repayment charge if you remortgage. Think carefully before securing other debts against your home. When consolidating debts the new mortgage may have a longer repayment term and therefore increase the total amount payable.

We charge a fee of £125 on application as an administration fee which is non refundable.

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