You are in section Home Mortgages Mortgage & rate types Repayment Mortgages
Repayment Mortgages
Your home may be repossessed if you do not keep up your payments
A simple, straightforward mortgage
If you keep up to date with your required monthly repayments, this makes sure both the interest and money you’ve borrowed are paid off by the end of the mortgage term.
Key features
- borrow a minimum of £10,000 over 2 to 40 years
- if you keep up-to-date with payments, you’ll be mortgage-free at the end of the term
- you can make unlimited overpayments whenever you like, which can help save money on interest and mean you’ll pay off your mortgage faster – but Early Repayment Charges may apply.
Things to bear in mind
- Early repayment charges may apply if you choose to fully repay your mortgage, depending on your interest rate
- we don’t lend for business purposes or Buy to Let.
Find a Repayment Mortgage for you
Think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.
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Mortgage guides
Don’t know your APRC from your elbow? Whether you’re a first time buyer, remortgaging your current house, moving to a new place or an existing customer, we’ve got a handy guide for you.