Repayment Mortgages

 

This is a basic mortgage which pays back your loan over a period of years. During the repayment period you are repaying the capital and the interest so much so that your loan will be completely repaid in the time agreed from the outset.

These mortgages do not automatically include life insurance protection for your family if you die before the end of the mortgage term, so your should make some arrangements to ensure that your loved ones would not be left with the additional strain of having to repay the mortgage.