What is a repayment mortgage?

A repayment (capital and interest) mortgage is where your monthly payments cover the interest charged each month and pays off some of the balance you owe. This means that providing you make your monthly payments in full and on time, your mortgage will be fully repaid at the end of its term.

It’s important you’re fully aware of the type of mortgage you have, so you can plan ahead. If you’re unsure, log in to our Self-Serve portal and you can easily find this information on the Account Summary page, under the ‘Repayment type’ header.