Repayment Mortgage

A Capital and Interest Mortgage is currently the most popular type of mortgage. The monthly payment made by the borrower to the lender includes a repayment of capital borrowed and an interest charged amount. In the early stages of the mortgage most of the payment is used to cover the interest and only a small amount is geared toward reducing the capital balance of the mortgage. Over the mortgage term more and more of the monthly payment contributes to the paying back of the borrowed capital. As long as the monthly repayments are always made on time the mortgage is guaranteed to be paid off at the end of the term.

At Hurleys we have access to the whole of the market and will advise you if this is the most suitable product for you, which lender to choose and the most efficient way to proceed.

Contact us now or click on the enquiry form and we guarantee one of our fully qualified consultants will contact you the same working day.