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In the early years, a large proportion
of your monthly payments will be in relation to the interest
on the loan, but towards the later years the majority of
your monthly payments will relate to capital reductions of
the actual loan.
A repayment mortgage carries the guarantee
that after the last monthly payment has been made you will
have paid off the mortgage in full (providing that all
the repayments have been made throughout your chosen term).
Even though this type of mortgage is appealing to the risk
averse, there are usually other matters that need to be
considered.
At FBD we aim to ensure you receive bespoke and
impartial advice so please contact
us to discuss your options
further.
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