Definition of repayment mortgage in English:

repayment mortgage

noun

British

A mortgage in which the borrower repays the capital and interest together in fixed instalments over a fixed period.
Example sentencesExamples
- When changing to a repayment mortgage, your monthly payments will undoubtedly rise and along with the premiums to your endowment policy, your overall monthly outgoings will increase.
- If yours is a repayment mortgage, ask your lender if they'll accept interest-only payments for a few months.
- Of course, the problem is that monthly repayments are higher on a repayment mortgage, so some borrowers are opting for an interest-only mortgage with no savings plan to back it.
- It will calculate compensation based on comparing the performance of your endowment with a repayment mortgage over the same period.
- While I note that you have converted your mortgage from an endowment mortgage to a repayment mortgage, it is not clear whether your lender is relying on the endowment policy to provide life cover for your mortgage.
- I am considering changing to a repayment mortgage.
- Following advice from my insurance company, I switched to a repayment mortgage to make up the shortfall.
- The redress is calculated to cover any losses you have suffered so far from having an endowment rather than a repayment mortgage.
- Mortgage advisers got paid much more commission if they sold an endowment mortgage rather than suggesting a repayment mortgage.
- It then reverts to a standard repayment mortgage for the remaining 15-year period.
- To pay off other unsecured debts, you opt for an unsecured loan of £25,000 and arrange a repayment mortgage over 25 years with a variable rate.
- The crucial point is that endowment mortgages involve more risk than a repayment mortgage.
- From then on, the state pays only your mortgage interest, so you'll face a shortfall if you have a repayment mortgage.
- You should bear in mind that switching to a standard repayment mortgage will mean higher repayments as better capital and interest will be repaid on a monthly basis.
- So, given that redress is based on you giving up your endowment policy and converting to a repayment mortgage, predictions about the future performance of the endowment won't affect you.
- Even switching the amount of the shortfall predicted by your insurer to a repayment mortgage will help.
- To pay off a repayment mortgage of £73,000 with an annual interest rate of, say, 6% would normally take 300 repayments of £470.
- The endowment was from an old mortgage and I am now on a repayment mortgage.
- When this happens, the monthly payments on an interest-only mortgage fall by more than the equivalent repayment mortgage.
- With a repayment mortgage your monthly payments will be put towards both the interest and the original loan.

单词	repayment mortgage
释义	Definition of repayment mortgage in English: repayment mortgage noun British A mortgage in which the borrower repays the capital and interest together in fixed instalments over a fixed period. Example sentencesExamples When changing to a repayment mortgage, your monthly payments will undoubtedly rise and along with the premiums to your endowment policy, your overall monthly outgoings will increase. If yours is a repayment mortgage, ask your lender if they'll accept interest-only payments for a few months. Of course, the problem is that monthly repayments are higher on a repayment mortgage, so some borrowers are opting for an interest-only mortgage with no savings plan to back it. It will calculate compensation based on comparing the performance of your endowment with a repayment mortgage over the same period. While I note that you have converted your mortgage from an endowment mortgage to a repayment mortgage, it is not clear whether your lender is relying on the endowment policy to provide life cover for your mortgage. I am considering changing to a repayment mortgage. Following advice from my insurance company, I switched to a repayment mortgage to make up the shortfall. The redress is calculated to cover any losses you have suffered so far from having an endowment rather than a repayment mortgage. Mortgage advisers got paid much more commission if they sold an endowment mortgage rather than suggesting a repayment mortgage. It then reverts to a standard repayment mortgage for the remaining 15-year period. To pay off other unsecured debts, you opt for an unsecured loan of £25,000 and arrange a repayment mortgage over 25 years with a variable rate. The crucial point is that endowment mortgages involve more risk than a repayment mortgage. From then on, the state pays only your mortgage interest, so you'll face a shortfall if you have a repayment mortgage. You should bear in mind that switching to a standard repayment mortgage will mean higher repayments as better capital and interest will be repaid on a monthly basis. So, given that redress is based on you giving up your endowment policy and converting to a repayment mortgage, predictions about the future performance of the endowment won't affect you. Even switching the amount of the shortfall predicted by your insurer to a repayment mortgage will help. To pay off a repayment mortgage of £73,000 with an annual interest rate of, say, 6% would normally take 300 repayments of £470. The endowment was from an old mortgage and I am now on a repayment mortgage. When this happens, the monthly payments on an interest-only mortgage fall by more than the equivalent repayment mortgage. With a repayment mortgage your monthly payments will be put towards both the interest and the original loan.
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