repayment mortgage


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Related to repayment mortgage: Interest only mortgage
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repayment mortgage

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For a pounds 100,000 standard repayment mortgage could cost up to a crippling pounds 3,480 a year more than for a "clean-credit" borrower.
I have been advised to take out a straight repayment mortgage, but a few years ago, the same lender told my brother an endowment mortgage was best.
They wanted to be sure the pounds 987 monthly payments on their pounds 125,000 repayment mortgage would be covered if either of them were unable to work.
We could see that rates were rising, and we wanted long-term stability, so we chose a five-year fixed repayment mortgage with Alliance and Leicester.
A repayment mortgage, also known as a capital and interest mortgage, is very straightforward and popular.
Judges praised their Flexible Repayment Mortgage for being "user friendly".
When the couple's discounted deal with Nationwide came to an end, they switched their 16-year pounds 170,000 repayment mortgage to a tracker deal with First Direct at 4.
If I change to a repayment mortgage what should I do with these endowment policies?
With a repayment mortgage some of the capital is been paid off along the way so you save less.
23 per cent, says the Mortgage Advice Bureau, with a typical monthly payment of pounds 547 on a pounds 100,000 repayment mortgage over 25 years.
PEOPLE facing endowment shortfalls are being advised to relieve their worries by switching to a repayment mortgage.
Carte blanche advice to change to a repayment mortgage is naive and could cost those who move house frequently thousands and may cause them to extend the term of their mortgage.