Mortgage Guide

Repayment of Your Mortgage

You may lose your home if you do not keep up payments on the mortgage during its term. You may also lose your home if you do not repay your mortgage loan at the end of its term. It is your responsibility to ensure that your mortgage is repaid on time.

If you have an interest only mortgage, you will need to have some form of repayment scheme to clear the mortgage debt at the end of its term.

Early Repayment of Your Mortgage

If you wish to repay your mortgage early, perhaps to move again or re-mortgage, you may have to pay an extra amount of money to the lender as a penalty, this is called the early repayment charge.

Please check the details of any mortgage offer you receive so that you are aware of the conditions and that they suit your requirements, before accepting it.

If you have an existing mortgage, your lender may make a charge to cancel the current arrangements. With your written authority we can find out the details from the lender on your behalf.

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