Repayment Mortgage
Co-op quits interest-only mortgage market for new customersThe Co-operative Bank will not allow new mortgage customers to take out a loan on an interest-only basis from May 8th but existing customers will be able to switch to a similar product. |
The Co-op unveils interest only mortgage advice campaignThe Co-operative Bank is waiving fees for interest only mortgage customers who extend their mortgage term or switch to a repayment product. |
Co-operative Bank waives mortgage switching feeThe Co-operative Bank is offering homeowners on an interest-only mortgage the chance to switch to a repayment mortgage without incurring the normal £50 fee. |
Would it be sensible to repay my mortgage straight away as I have the funds?A reader from Scotland is asking for advice on whether he should repay the outstanding balance immediately or continue repaying over the fifteen year term. |
Who's buying which mortgage?Repayment mortgages are by far the most common home loans in the UK, with 65 per cent of households owning them. |
Death of remortgaging 'overblown'Claims the 1.4 million homeowners expected to remortgage will find refinancing impossible have been denied by lenders. |
Mortgage rejections up 60%Over 738,000 mortgages applications were rejected in the last six months - a rise of 60 per cent. |
Do mortgage overpayments reduce the capital or the interest?When making a mortgage overpayment will this reduce the capital or the amount of interest owed? |
Mortgages most expensive for 15 yearsIn April mortgage repayments hit a 15-year high, figures from the Council of Mortgage Lenders (CML) show. |
Is a fixed, capped, or discount-rate best for paying off mortgages fastWhen shifting from an un-competitive rate to pay off a home loan fast is it best to go for a fixed-rate, capped-rate, or discount rate mortgage? |
Can you get two types of mortgage on one property?Ever wondered if you get two types of mortgage on one property, if they are with the same lender and being paid by the same person? |
Is putting money in an ISA better than a repayment mortgage?Would you be better off paying money into an ISA and using this to clear your mortgage debt than using a repayment mortgage? |
Can you take out a mortgage at 18, and how much will it cost?Is it possible to take out a mortgage for your first home when aged 18 and all considered how much will it cost? |
Brits not being driven to interest-only mortgagesThere is no evidence housing affordability is driving Britons to take out interest-only mortgages without having a plan for repaying the loan. |
Should I take an interest-only mortgage?Are interest-only mortgages useful if you plan to move again soon? |
The ticking time-bomb of interest-only mortgagesInterest-only mortgages are a disaster waiting to happen, industry experts have warned. |
Mortgage adviser Ray Boulger answers your questionsAward-winning mortgage adviser Ray Boulger answers readers' questions. |
Repayment mortgagesA repayment mortgage is a loan secured against the value of a property which is paid back in instalments. |
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