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Repayment Mortgages
Repayment mortgages are regarded as the safest option, hence their appeal to the more cautious investor. They are certainly much easier to understand and you should have no trouble working out your monthly incomings and outgoings.
Your monthly repayments cover both the house value (the capital sum) and the interest on the loan in a similar way to the way credit cards operate. In other words, every month a proportion of your repayment goes towards reducing the outstanding loan (mortgage) and a proportion goes towards interest accrued. In the early years (Year 1 to 4) more interest is paid than capital. Later on, the balance swings over so that you pay more capital than interest thus speeding up the amount you pay off every month.
Advantages with a repayment mortgage are that they are:
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Simple, straightforward and easy to understand.
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Avoiding the risk of investing in the stock market.
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Guaranteed to pay off your mortgage at the end of the mortgage term.
Disadvantages with a repayment mortgage are that:
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Unlike a pension, ISA or endowment mortgage, repayment mortgages do not give you the opportunity to benefit from a rising stock market, however risky this may be.
But the wrong repayment mortgage can cost you more £££’s more than it should and independent impartial advice is essential.
UEG Finance Services work closely with qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why opt for a Repayment Mortgage via UEG Finance Services?
There are lots of great deals on Repayment mortgages in the UK and UEG Finance have access to them ALL since they have:
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Access to ‘all’ Repayment mortgages in the UK
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Every known special offer on Repayment mortgages in the UK
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Every latest deal available on Repayment mortgages in the UK
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Plus exclusive deals through the many mortgage clubs they subscribe to
Every month we, here at UEG Finance Services, help hundreds of people, just like you, find their perfect mortgage. Find out why so many people put their trust in us.
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