Capital and interest
This is the simplest type of mortgage. The payments you make to the lender every month pay off both the capital and the interest from the loan. Provided you keep up the payments, you are guaranteed to pay off the loan by the end of the term agreed (usually 25 years).
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.
A typical fee we will charge would be £195 payable at application stage, we will also receive a commission from the lender. We will refund our fee if the lender rejects your application. Alternatively we charge a fee of £595 and will refund any commission from the lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.