"We'll certainly recommend you" (Miss C.L)

Put simply this means you pay back part interest and part capital out of each monthly payment. As long as you pay your mortgage payments then the mortgage will be paid off by the end of the term.

You can choose a term to suit your monthly budget - a longer term will mean lower monthly payments, but will mean you will pay back more overall. Virtually all lenders offer this type of mortgage and it tends to suit people who like the certainty of knowing that the mortgage will be paid off at the end of the term.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE