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Glossary of Mortgage & Repossession Terms - R

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Repayment Mortgage

A mortgage where part of the actual loan plus interest on the outstanding loan amount is repaid each month, gradually reducing the amount borrowed. A repayment mortgage guarantees to repay the total mortgage debt at the end of the mortgage term provided the correct monthly repayments are made on their due dates. Also called a Capital & Interest Mortgage.

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

The overall cost for comparison is 7.9% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Our fee will depend on your circumstances, and indication is £1995. Evict Stop is a trading style of Nelson Finance Ltd (04483998), 96-98 Liverpool Rd, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4EH. Calls to 0870 numbers are charged at national rates.