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Hinckley & Rugby BS 2 Year Discounted Variable

Cashback Available

Initial Rate
0.99% Discounted Variable for 2 years (4.90% disc)
APRC
4.50%
Product Fee
£699
Monthly Repayment
£564.63

Continue on Fluent Mortgages' website + More Info

Lender:
Hinckley & Rugby BS
Max First Time Buyer LTV:
65%
Max House Purchase LTV:
65%
Max Remortgage LTV:
65%
Min Loan:
£100,000
Max Loan:
£1,000,000
Product Description:
0.99% Discounted Variable for 2 years (4.90% disc)
Incentives:
£250 cashback Remortgages

Ongoing Monthly Payments:
£564.63 x 24
Total Amount Payable:
£260,945.28
Total Interest Payable:
£109,946.28
Valuation Fee:
Free
Exit Admin Fee:
£150
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 2% Sum Repaid

TSB 2 Year Fixed

Initial Rate
0.99% Fixed to 31/08/2023
APRC
3.20%
Product Fee
£1,495
Monthly Repayment
£564.63

Continue on Fluent Mortgages' website + More Info

Lender:
TSB
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£5,000
Max Loan:
£1,000,000
Product Description:
0.99% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees

Initial Monthly Repayment:
£564.63 x 26
Ongoing Monthly Payments:
£740.92 x 274
Total Amount Payable:
£219,187.46
Total Interest Payable:
£67,692.46
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

HSBC 2 Year Fixed

Initial Rate
1.04% Fixed to 31/08/2023
APRC
3.20%
Product Fee
£999
Monthly Repayment
£568.03

0808 291 2452

+ More Info

Lender:
HSBC
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
60%
Min Loan:
£10,000
Max Loan:
£5,000,000
Product Description:
1.04% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees Remortgages

Initial Monthly Repayment:
£568.03 x 26
Ongoing Monthly Payments:
£737.62 x 274
Total Amount Payable:
£217,970.66
Total Interest Payable:
£66,876.66
Valuation Fee:
Free
Exit Admin Fee:
£95
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Outstanding Balance

NatWest 2 Year Fixed

Initial Rate
1.04% Fixed to 31/08/2023
APRC
3.20%
Product Fee
£995
Monthly Repayment
£568.03

0800 158 2907

+ More Info

Lender:
NatWest
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£25,000
Max Loan:
£349,999
Product Description:
1.04% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees
free valuation admin fees

Initial Monthly Repayment:
£568.03 x 26
Ongoing Monthly Payments:
£741.28 x 274
Total Amount Payable:
£218,874.50
Total Interest Payable:
£67,879.50
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 1.5/0.75% Sum Repaid

Royal Bank of Scotland 2 Year Fixed

Initial Rate
1.04% Fixed to 31/08/2023
APRC
3.20%
Product Fee
£995
Monthly Repayment
£568.03

0800 096 7446

+ More Info

Lender:
Royal Bank of Scotland
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£25,000
Max Loan:
£349,999
Product Description:
1.04% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees
free valuation admin fees

Initial Monthly Repayment:
£568.03 x 26
Ongoing Monthly Payments:
£741.28 x 274
Total Amount Payable:
£218,874.50
Total Interest Payable:
£67,879.50
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 1.5/0.75% Sum Repaid

Barclays Mortgage 2 Year Fixed

Cashback Available

Initial Rate
1.05% Fixed to 31/08/2023
APRC
3.30%
Product Fee
£999
Monthly Repayment
£568.71

Continue on Barclays Mortgage's website + More Info

Lender:
Barclays Mortgage
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
60%
Min Loan:
£5,000
Max Loan:
£2,000,000
Product Description:
1.05% Fixed to 31/08/2023
Incentives:
Free valuation fees Remortgages
free valuation fees for properties valued Max £2M House Purchase,First Time Buyers
free legal feesRemortgages or £250 cashbackRemortgages

Website:
www.barclays.co.uk/intermediaries
Initial Monthly Repayment:
£568.71 x 26
Ongoing Monthly Payments:
£741.36 x 274
Total Amount Payable:
£218,998.10
Total Interest Payable:
£67,919.10
Valuation Fee:
Free
Exit Admin Fee:
£80
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2% Sum Repaid

Cumberland BS 2 Year Fixed

Initial Rate
1.07% Fixed to 01/07/2023
APRC
3.70%
Product Fee
£999
Monthly Repayment
£570.07

Continue on Fluent Mortgages' website + More Info

Lender:
Cumberland BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£20,000
Max Loan:
Varies
Product Description:
1.07% Fixed to 01/07/2023
Incentives:
Free valuation fees
free legal fees

Initial Monthly Repayment:
£570.07 x 24
Ongoing Monthly Payments:
£780.25 x 276
Total Amount Payable:
£230,179.68
Total Interest Payable:
£79,030.68
Valuation Fee:
Free
Exit Admin Fee:
£150
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 1/7/23: 2/1% Sum Repaid

Cumberland BS 2 Year Fixed

Initial Rate
1.07% Fixed to 01/07/2023
APRC
3.70%
Product Fee
£999
Monthly Repayment
£570.07

Continue on Fluent Mortgages' website + More Info

Lender:
Cumberland BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£20,000
Max Loan:
Varies
Product Description:
1.07% Fixed to 01/07/2023
Incentives:
Free valuation fees
free legal fees

Initial Monthly Repayment:
£570.07 x 24
Ongoing Monthly Payments:
£780.25 x 276
Total Amount Payable:
£230,179.68
Total Interest Payable:
£79,030.68
Valuation Fee:
Free
Exit Admin Fee:
£150
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 1/7/23: 2/1% Sum Repaid

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Halifax 2 Year Fixed

Initial Rate
1.08% Fixed to 31/08/2023
APRC
3.50%
Product Fee
£995
Monthly Repayment
£570.76

Continue on Halifax's website + More Info

Lender:
Halifax
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
60%
Max Remortgage LTV:
0%
Min Loan:
£100,000
Max Loan:
£249,999
Product Description:
1.08% Fixed to 31/08/2023
Incentives:

Website:
www.halifax.co.uk
Initial Monthly Repayment:
£570.76 x 26
Ongoing Monthly Payments:
£741.58 x 274
Total Amount Payable:
£220,027.68
Total Interest Payable:
£68,032.68
Valuation Fee:
£200
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Mortgage Advance

Halifax 2 Year Fixed

Initial Rate
1.08% Fixed to 31/08/2023
APRC
3.50%
Product Fee
£995
Monthly Repayment
£570.76

Continue on Halifax's website + More Info

Lender:
Halifax
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
0%
Max Remortgage LTV:
0%
Min Loan:
£100,000
Max Loan:
£249,999
Product Description:
1.08% Fixed to 31/08/2023
Incentives:

Website:
www.halifax.co.uk
Initial Monthly Repayment:
£570.76 x 26
Ongoing Monthly Payments:
£741.58 x 274
Total Amount Payable:
£220,027.68
Total Interest Payable:
£68,032.68
Valuation Fee:
£200
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Mortgage Advance

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Nationwide BS 2 Year Fixed

Initial Rate
1.08% Fixed for 2 years
APRC
3.20%
Product Fee
£999
Monthly Repayment
£570.76

Continue on Fluent Mortgages' website + More Info

Lender:
Nationwide BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
60%
Max Remortgage LTV:
0%
Min Loan:
£25,000
Max Loan:
£274,999
Product Description:
1.08% Fixed for 2 years
Incentives:
Free valuation fees
free valuation admin fees
Green reward for properties with an EPC score of 86 to 91 £250 or Green reward for properties with an EPC score of 92+ £500

Initial Monthly Repayment:
£570.76 x 24
Ongoing Monthly Payments:
£742.85 x 276
Total Amount Payable:
£220,523.84
Total Interest Payable:
£68,724.84
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1.5/0.75% Outstanding Balance

Nationwide BS 2 Year Fixed

Cashback Available

Initial Rate
1.08% Fixed for 2 years
APRC
3.30%
Product Fee
£999
Monthly Repayment
£570.76

Continue on Fluent Mortgages' website + More Info

Lender:
Nationwide BS
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
0%
Max Remortgage LTV:
0%
Min Loan:
£25,000
Max Loan:
£274,999
Product Description:
1.08% Fixed for 2 years
Incentives:
Free valuation fees
free valuation admin fees
£500 cashback
Green reward for properties with an EPC score of 86 to 91 £250 or Green reward for properties with an EPC score of 92+ £500

Initial Monthly Repayment:
£570.76 x 24
Ongoing Monthly Payments:
£742.85 x 276
Total Amount Payable:
£220,023.84
Total Interest Payable:
£68,724.84
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1.5/0.75% Outstanding Balance

Nationwide BS 2 Year Fixed

Cashback Available

Initial Rate
1.09% Fixed for 2 years
APRC
3.10%
Product Fee
£999
Monthly Repayment
£571.44

Continue on Fluent Mortgages' website + More Info

Lender:
Nationwide BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£25,000
Max Loan:
£299,999
Product Description:
1.09% Fixed for 2 years
Incentives:
Free valuation fees
free valuation admin fees
£500 cashback On Completion or free legal fees

Initial Monthly Repayment:
£571.44 x 24
Ongoing Monthly Payments:
£742.92 x 276
Total Amount Payable:
£219,759.48
Total Interest Payable:
£68,760.48
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1.5/0.75% Outstanding Balance

TSB 2 Year Fixed

Initial Rate
1.09% Fixed to 31/08/2023
APRC
3.30%
Product Fee
£995
Monthly Repayment
£571.44

Continue on Fluent Mortgages' website + More Info

Lender:
TSB
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
60%
Max Remortgage LTV:
0%
Min Loan:
£5,000
Max Loan:
£1,000,000
Product Description:
1.09% Fixed to 31/08/2023
Incentives:
Free valuation fees

Initial Monthly Repayment:
£571.44 x 26
Ongoing Monthly Payments:
£741.65 x 274
Total Amount Payable:
£219,864.54
Total Interest Payable:
£68,069.54
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

TSB 2 Year Fixed

Initial Rate
1.09% Fixed to 31/08/2023
APRC
2.50%
Product Fee
£995
Monthly Repayment
£571.44

Continue on Fluent Mortgages' website + More Info

Lender:
TSB
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
0%
Max Remortgage LTV:
0%
Min Loan:
£5,000
Max Loan:
£1,000,000
Product Description:
1.09% Fixed to 31/08/2023
Incentives:
Free valuation fees

Initial Monthly Repayment:
£571.44 x 26
Ongoing Monthly Payments:
£670.38 x 274
Total Amount Payable:
£200,336.56
Total Interest Payable:
£48,541.56
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

Santander 2 Year Fixed

Cashback Available

Initial Rate
1.10% Fixed to 02/09/2023
APRC
2.80%
Product Fee
£999
Monthly Repayment
£572.12

Continue on Fluent Mortgages' website + More Info

Lender:
Santander
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£6,000
Max Loan:
£1,500,000
Product Description:
1.10% Fixed to 02/09/2023
Incentives:
Free valuation admin fees England, Wales, Northern Ireland
£250 cashback On Completion or free legal fees
free valuation fees (Max £1190)England, Wales, Northern Ireland or £95 towards valuation feesScotland

Initial Monthly Repayment:
£572.12 x 26
Ongoing Monthly Payments:
£724.24 x 274
Total Amount Payable:
£214,540.88
Total Interest Payable:
£63,316.88
Valuation Fee:
Free
Exit Admin Fee:
£225
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 2/9/23: 3% Outstanding Balance,to 2/7/23: Â£250 reclaimedCashback Reclaimed or to : 2/7/23. Legal Fee (Max Â£200.00)

Santander 2 Year Fixed

Cashback Available

Initial Rate
1.10% Fixed to 02/09/2023
APRC
2.90%
Product Fee
£999
Monthly Repayment
£572.12

Continue on Fluent Mortgages' website + More Info

Lender:
Santander
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
0%
Min Loan:
£6,000
Max Loan:
£1,500,000
Product Description:
1.10% Fixed to 02/09/2023
Incentives:
Free valuation admin fees
free valuation fees (Max £1190) for properties valued Max £2
5M
£250 cashback

Initial Monthly Repayment:
£572.12 x 26
Ongoing Monthly Payments:
£724.24 x 274
Total Amount Payable:
£215,090.88
Total Interest Payable:
£63,316.88
Valuation Fee:
Free
Exit Admin Fee:
£225
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 2/9/23: 3% Outstanding Balance, to 2/7/23: Â£250 reclaimedCashback Reclaimed

Skipton BS 2 Year Fixed

Initial Rate
1.13% Fixed to 30/09/2023
APRC
3.80%
Product Fee
£995
Monthly Repayment
£574.18

Continue on Fluent Mortgages' website + More Info

Lender:
Skipton BS
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
60%
Min Loan:
£5,000
Max Loan:
£1,000,000
Product Description:
1.13% Fixed to 30/09/2023
Incentives:
Free valuation fees
free legal fees Remortgages
free valuation admin fees

Initial Monthly Repayment:
£574.18 x 27
Ongoing Monthly Payments:
£744.98 x 36
Total Amount Payable:
£235,749.49
Total Interest Payable:
£84,659.49
Valuation Fee:
Free
Exit Admin Fee:
£95
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 30/9/23: 2/1% Outstanding Balance

Representative example

A mortgage of £150,000 payable over 25 years initially on a fixed rate for 27 months at 1.13%, reverting to 3.64% variable for 36 months and 4.64% variable for remaining term. 27 monthly payments of £574.18, 36 monthly payments of £744.98, and 237 monthly payments of £811.55. The total amount payable would be £235,799.49 made up of the loan amount, interest £84,659.49 and a product fee £995 and valuation fee £0. The overall cost for comparison is 3.80% APRC representative.

TSB 2 Year Fixed

Initial Rate
1.14% Fixed to 31/08/2023
APRC
3.20%
Product Fee
£995
Monthly Repayment
£574.87

Continue on Fluent Mortgages' website + More Info

Lender:
TSB
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£5,000
Max Loan:
£1,000,000
Product Description:
1.14% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees

Initial Monthly Repayment:
£574.87 x 26
Ongoing Monthly Payments:
£742.02 x 274
Total Amount Payable:
£219,255.10
Total Interest Payable:
£68,260.10
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

Cumberland BS 2 Year Discounted Variable

Initial Rate
1.16% Discounted Variable for 2 years (2.93% disc)
APRC
3.60%
Product Fee
£999
Monthly Repayment
£576.24

Continue on Fluent Mortgages' website + More Info

Lender:
Cumberland BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£20,000
Max Loan:
Varies
Product Description:
1.16% Discounted Variable for 2 years (2.93% disc)
Incentives:
Free valuation fees
free legal fees

Ongoing Monthly Payments:
£576.24 x 24
Total Amount Payable:
£230,504.40
Total Interest Payable:
£79,355.40
Valuation Fee:
Free
Exit Admin Fee:
£150
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1/0.5% Sum Repaid

Cumberland BS 2 Year Discounted Variable

Initial Rate
1.16% Discounted Variable for 2 years (2.93% disc)
APRC
3.70%
Product Fee
£999
Monthly Repayment
£576.24

Continue on Fluent Mortgages' website + More Info

Lender:
Cumberland BS
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£20,000
Max Loan:
Varies
Product Description:
1.16% Discounted Variable for 2 years (2.93% disc)
Incentives:
Free valuation fees
free legal fees

Ongoing Monthly Payments:
£576.24 x 24
Total Amount Payable:
£230,504.40
Total Interest Payable:
£79,355.40
Valuation Fee:
Free
Exit Admin Fee:
£150
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1/0.5% Sum Repaid

HSBC 5 Year Fixed

Initial Rate
1.16% Fixed to 31/08/2026
APRC
2.70%
Product Fee
£1,499
Monthly Repayment
£576.24

0808 291 2452

+ More Info

Lender:
HSBC
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
60%
Min Loan:
£10,000
Max Loan:
£5,000,000
Product Description:
1.16% Fixed to 31/08/2026
Incentives:
Free valuation fees
free legal fees Remortgages

Initial Monthly Repayment:
£576.24 x 62
Ongoing Monthly Payments:
£716.86 x 238
Total Amount Payable:
£207,933.56
Total Interest Payable:
£56,339.56
Valuation Fee:
Free
Exit Admin Fee:
£95
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/26: 5/4/3/2/1% Outstanding Balance

Lloyds Bank 2 Year Fixed

Cashback Available

Initial Rate
1.16% Fixed to 31/08/2023
APRC
3.40%
Product Fee
£999
Monthly Repayment
£576.24

Continue on Lloyds Bank's website + More Info

Lender:
Lloyds Bank
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£100,000
Max Loan:
£249,999
Product Description:
1.16% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees
£200 cashback

Website:
www.lloydstsb.com
Initial Monthly Repayment:
£576.24 x 26
Ongoing Monthly Payments:
£742.16 x 274
Total Amount Payable:
£219,133.08
Total Interest Payable:
£68,334.08
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

Lloyds Bank 2 Year Fixed

Initial Rate
1.16% Fixed to 31/08/2023
APRC
3.40%
Product Fee
£999
Monthly Repayment
£576.24

Continue on Lloyds Bank's website + More Info

Lender:
Lloyds Bank
Max First Time Buyer LTV:
0%
Max House Purchase LTV:
0%
Max Remortgage LTV:
60%
Min Loan:
£100,000
Max Loan:
£249,999
Product Description:
1.16% Fixed to 31/08/2023
Incentives:
Free valuation fees
free legal fees

Website:
www.lloydstsb.com
Initial Monthly Repayment:
£576.24 x 26
Ongoing Monthly Payments:
£742.16 x 274
Total Amount Payable:
£219,333.08
Total Interest Payable:
£68,334.08
Valuation Fee:
Free
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 2/1% Sum Repaid

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NatWest 2 Year Fixed

Cashback Available

Initial Rate
1.17% Fixed to 31/08/2023
APRC
3.30%
Product Fee
£995
Monthly Repayment
£576.93

0800 158 2907

+ More Info

Lender:
NatWest
Max First Time Buyer LTV:
60%
Max House Purchase LTV:
60%
Max Remortgage LTV:
0%
Min Loan:
£25,000
Max Loan:
£2,000,000
Product Description:
1.17% Fixed to 31/08/2023
Incentives:
£350 cashback

Initial Monthly Repayment:
£576.93 x 26
Ongoing Monthly Payments:
£742.24 x 274
Total Amount Payable:
£220,066.94
Total Interest Payable:
£68,373.94
Valuation Fee:
£248
Exit Admin Fee:
£0
Early Repayment Charge:
Yes
Early Repayment Charge Details:
to 31/8/23: 1.5/0.75% Sum Repaid

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Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

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Published on 05 July 2017. Last updated on 09 November 2020.

Repayment Mortgages FAQ

What is a repayment mortgage?

With a repayment mortgage you'll repay the mortgage capital each month along with the interest, unlike interest only mortgages which allow borrowers to pay off just the interest on the loan each month.

Is a repayment mortgage right for me?

If you can afford to make the monthly repayments each month and you want to take steps to clear your mortgage debt then a repayment mortgage is suitable for you.

What are the benefits of a repayment mortgage?

The main benefit of repayment mortgages is that, because you are repaying both the mortgage and the interest, at the end of the mortgage term you will own the property outright. Repayment mortgages are also cheaper overall than interest only mortgages.

What are the downsides of repayment mortgages?

While repayment mortgages are cheaper overall, they can seem more expensive in the short term. Monthly repayments for repayment mortgages are obviously more expensive than for interest only mortgages as you're paying back not just the interest but also the actual debt.

What fees will I pay for a repayment mortgage?

When taking out a repayment mortgage you're likely to face an arrangement fee (which can be £2000 or more), a booking fee, a valuation fee and legal fees. However, it's worth noting that not all fees apply to all products.

How can I compare repayment mortgages?

NerdWallet's comprehensive comparison tables make it easy and straightforward to compare all repayment mortgages. They are free to use and allow you to sort products by fees, rates and overall costs.

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