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mortgages

Repayment Mortgage

With this type of mortgage a combined monthly payment of interest and capital is paid to the lender. Over time, the loan gradually reduces in size as capital is paid. A repayment loan, provided the required payments are met is guaranteed to eventually repay the mortgage.

Whichever way you choose to repay your mortgage, regular reviews should be carried out to ensure you have sufficient funds to repay your mortgage loan at maturity.

Your home may be repossessed if you do not keep up repayments on your mortgage.