Repayment Mortgage

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A mortgage where each monthly payment covers both interest and part of the amount borrowed, the standard UK structure.

Related glossary terms

Broker Fee

A charge paid directly by borrowers to mortgage brokers for arranging mortgages, separate from lender payments, with charging models varying across the market.

Transfer of Equity

The process of adding someone to, or removing someone from, the legal ownership of a property without selling the whole property on the open market.

Arrangement Fee

A charge by some lenders for setting up a mortgage product, either paid upfront or added to the loan amount, affecting overall cost calculations.

Loan to Value (LTV)

The percentage of a property’s value that is covered by the mortgage rather than the deposit, a key pricing and risk measure.