Currency Mortgage
Our mortgage analysts will be happy to spend time explaining the ins and outs of the mortgage process and the variety of options available to you, whether you're looking for an initial mortgage or a refinancing mortgage. Here's a quick introduction: 

Capital Repayment Mortgages
During the early years, the payments you make are nearly all interest and only a small amount goes towards paying off the actual capital borrowed. As time goes by the outstanding loan reduces - this has the effect of reducing the interest payable and in turn allows the capital to be repaid faster.

Interest-Only Mortgages
Here, no repayment of capital is made during the term of the mortgage, with monthly payments representing interest only. In order to repay the loan, you would need to save separately. There are some circumstances where the lender will insist upon the borrower nominating a method of saving for repayment, but this is unusual. Common methods are ISAs, Personal Pension Plans and (formerly) Endowment Policies.



Interested in finding out more?
call us on +44 207 016 6767
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