Competitive mortgage loans from leading mortgage providers are basically divided into two main categories, repayment and interest only. Repayment mortgage loans are also known as capital repayment mortgages because your monthly payments contribute towards the total amount borrowed and the interest payable. Repayment mortgage loans are also paid over a specified period and assuming you make all your payments, the loan is guaranteed to be paid in full by the end of the mortgage term. Early on in the term of the mortgage your repayments will mainly go towards paying the interest on the loan and as the years progress your payments will be paying off greater amounts of the capital each year.

Repayment mortgage loans can have a number of advantages. Unlike mortgages which are linked to the performance of the stock market, like ISA (individual savings plan) interest only mortgages, you don