There are three options available:
  • repayment mortgage
  • interest-only mortgage
  • combined repayment/interest-only mortgage
In addition to the type or mortgage you will also need to decide on the most suitable period of repayment for the loan. Read through the different types of mortgage or contact Direct Mortgage Centre for expert advice or answers to your questions on mortgages.

Mortgage Frequent Asked Questions

What makes a mortgage different from any other loan?
A mortgage loan is secured against your property. This means the loan is less of a risk for the lender and the interest rate charged on a mortgage is lower than it is for other types of loan. The mortgage that you take out to buy your home will usually be called a first charge because when the property is sold, your lender is paid off first.
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