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.
For mortgage advice you can choose how we are paid: pay a fee, or we can accept commission from the lender. If you choose to pay a fee, typically this is 1% of the loan amount, and we will refund any commission from the lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.