(Also known as Principal & Interest or Repayment Mortgages)
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 up to 25 years).
The lender calculates your monthly repayments depending on the amount borrowed, how long for, the prevailing interest rate.
If you would like to learn more about Capital and Interest Mortgages contact us here.
In order to determine the best solution for you, meet with one of our advisers, who will asses your current situation, or issue that you want addressed, and will construct an effective affordable solution specially tailored to fit your needs.