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.
	Santander launches Newbuy mortgages Santander has unveiled a range of NewBuy mortgages designed to help borrowers trying to get their first step on the property ladder.
	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.
	Santander reveals new first time buyer mortgages Santander has unveiled a range of first time buyer mortgages, aimed at helping people take their first step on the property ladder.
	Number of mortgages 'doubled in the past three years' Mortgage availability has almost doubled in the three years since the Bank of England base rate was first cut to its record 0.5 per cent low, new figures show.