Capital & Interest Mortgage - Your monthly repayments gradually pay off the amount you owe, as well as paying the interest charged on the loan.
Interest Only Mortgage - Your monthly payments only cover the interest on the loan. They do not pay off any of the capital, and you will need to pay separately into a savings or investment plan to build up a lump sum to pay off the mortgage at the end of the term. * This is not a quotation under the Consumer Credit Act. The calculator does not include the effect of, or make reference to any discounts, cashback figures or any other promotional offer on the repayment figure. Figures are subject to validation of income, credit checks and a property valuation. Please fill out our Quick Mortgage Quote Form if you would like receive advice on your mortgage options.
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