Repayment or Capital and Interest Mortgage

This is the simplest type of mortgage. The payments made to the lender every month repay both the capital and the interest from the loan. Provided the monthly payments are paid when they fall due, then they are guaranteed to pay off the loan by the end of the mortgage term.

At the beginning of the mortgage term, the monthly payments consist mainly of interest. The amount of capital owed gradually reduces during the term and the interest part of each monthly payment decreases, while the capital element increases.

The lender calculates your monthly repayments depending on the amount borrowed, how long for, the interest rate & how the rate you have chosen is set.

Also See:

Flexible and Offset Mortgage Interest Only

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME.  YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 

How much will you pay for our services?

You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it. We may charge a fee for sourcing and arranging a mortgage, the maximum fee we charge is £250.  We may also receive a commission from the lender which will be detailed in the illustration.

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Cade & Co provides financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right times and at the right cost. It's simple!
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