Repayment mortgages

Repayment mortgages are the most popular type of mortgage in the UK. With a repayment mortgage the borrower makes a repayment each month that pays off the interest and part of the capital borrowed.

In the early stages of a repayment mortgage the borrower will mainly be paying off interest and just a small proportion of the capital. As the mortgage term progresses the balance of your repayments will gradually switch so that you pay off more of the capital and less interest until the total loan is repaid at the end of the agreed mortgage term.

	Repayment mortgages A repayment mortgage is a loan secured against the value of a property which is paid back in instalments.
	Lloyds agrees FSA's largest consumer repayment Lloyds Banking Group has announced that it has come to a voluntary agreement with the Financial Services Authority (FSA) regarding the cap on a standard variable rate (SVR) mortgage.
	LV= cuts rates on lifetime mortgages An interest rate cut has been announced for the lifetime mortgages offered by equity specialist LV=.
	HSBC launch new mortgages for first-time buyers HSBC is announcing new mortgage deals for first-time buyers and those with a ten per cent deposit in addition to competitive deals for homeowners with more equity.
	Yorkshire Building Society cuts rates on fixed mortgages Yorkshire Building Society is offering a helping hand to would-be property buyers by cutting the interest rates on its fixed mortgage products.