Repaying your mortgage
Buying a house with a mortgage is exciting, but it’s also a big commitment. We can help you understand mortgage repayments.
We can help you understand:
- making monthly repayments
- what to do if you miss a payment
- repaying your mortgage early.
Making monthly repayments
Once you’ve completed on buying a house, your first mortgage repayment is usually made within a month. Your mortgage lender will write to you to tell you exactly when your first payment is due.
Expect this first payment to be higher than the amount you see in the mortgage offer. That’s because includes the current month’s interest on top of the next months’ payment.
When you take out a mortgage, it’s important to remember that you could lose your home if you don’t keep up your mortgage repayments.
Repaying your mortgage early
You can repay your mortgage early, but you may be charged a fee if you pay all or part of your mortgage before the end of the mortgage term.
Getting started online
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Important legal information