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Abbey National Reward Mortgage

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Mortgage Information
 

Mortgage Information > Types of Mortgages > Repayment

Repayment

A repayment mortgage is when your monthly payment consist of repaying the amount borrowed together with the accrued interest.  This is the most popular type of mortgage. The main advantage of a repayment mortgage is that you are safe in the knowledge that at the end of the term you have fully repaid the total amount of the debt.