Meaning of "repayment mortgage" in the English dictionary

PRONUNCIATION OF REPAYMENT MORTGAGE

repayment mortgage  [rɪˈpeɪmənt ˈmɔːɡɪdʒ]

GRAMMATICAL CATEGORY OF REPAYMENT MORTGAGE

Repayment mortgage is a noun.

A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES REPAYMENT MORTGAGE MEAN IN ENGLISH?

Repayment mortgage

A repayment mortgage is a term generally used in the UK to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest, so that the amount borrowed decreases throughout the term and by the end of the loan term has been fully repaid. This contrasts with an interest-only mortgage where monthly repayments are for interest, and the borrower must repay the full loan at term in a lump sum. One advantage of a repayment mortgage is that it removes the risk of having an investment, the performance of which is dependent on the stockmarket. The borrower is also less likely to suffer from negative equity because the mortgage balance will be reducing month on month. As time moves on, the equity percentage in the property increases. However, in the early years the bulk of the mortgage repayments consist of the interest component, so not much of the capital is actually paid off for some time.

Definition of repayment mortgage in the English dictionary

The definition of repayment mortgage in the dictionary is a mortgage that you pay back in monthly repayments which consist of the accrued interest in addition to the original amount borrowed.

TRANSLATION OF REPAYMENT MORTGAGE

Find out the translation of repayment mortgage to 25 languages with our English multilingual translator.

The translations of repayment mortgage from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «repayment mortgage» in English.

• Translator English - Chinese: 按揭还款
• Translator English - Spanish: hipoteca de amortización
• English: repayment mortgage
• Translator English - Hindi: भुगतान बंधक
• Translator English - Arabic: سداد الرهن العقاري
• Translator English - Russian: погашение ипотечного
• Translator English - Portuguese: reembolso hipoteca
• Translator English - Bengali: ফেরত বন্ধকী
• Translator English - French: remboursement hypothécaire
• Translator English - Malay: Gadai janji pembayaran balik
• Translator English - German: Tilgungshypothek
• Translator English - Japanese: 返済の住宅ローン
• Translator English - Korean: 상환 모기지
• Translator English - Javanese: Hipotek pembayaran
• Translator English - Vietnamese: thế chấp trả nợ
• Translator English - Tamil: திருப்பியளித்தல் அடமானம்
• Translator English - Marathi: परतफेड गहाण
• Translator English - Turkish: Geri ödeme ipotek
• Translator English - Italian: rimborso del mutuo
• Translator English - Polish: spłata kredytu hipotecznego
• Translator English - Ukrainian: погашення іпотечного
• Translator English - Romanian: rambursare ipotecare
• Translator English - Greek: υποθήκη επιστροφής
• Translator English - Afrikaans: terugbetaling verband
• Translator English - Swedish: återbetalning inteckning
• Translator English - Norwegian: nedbetaling boliglån

10 ENGLISH BOOKS RELATING TO «REPAYMENT MORTGAGE»

Discover the use of repayment mortgage in the following bibliographical selection. Books relating to repayment mortgage and brief extracts from same to provide context of its use in English literature.

Mortgage Repayment Difficulties

Most building societies are, in the case of hardship, willing to allow borrowers with a repayment mortgage to continue with the same repayment for a limited time when interest rates rise, even if this means a rising debt. However, for this to  ...

Building Societies Association, 1985

Save Thousands Buying Your Home: A Step-By-Step Guide to ...

REPAYMENT MORTGAGES A repayment mortgage is a straightforward mortgage whereby you repay the loan in instalments along with the interest so that by the end of the term you will have paid off your mortgage. The lender will calculate ...

Maxwell Hodson, 2003

Continuous-Repayment Mortgage

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.

Evander Luther, 2012

Buy to Let Property Strategy for Long Term Success

Repayment Mortgage With a repayment mortgage, over a period of time the amount of payment you make each month is the same. However, the payment includes an element of capital repayment and the amount of capital outstanding ...

Mark Temperley, 2006

Buy to Let Property Strategy

Repayment Mortgage With a repayment mortgage, over a period of time the amount of payment you make each month is the same. However, the payment includes an element of capital repayment and the amount of capital outstanding ...

Mark Temperley, Mark Temperley Mba Fcca, 2007

Manual of Housing Law

A capital repayment mortgage is a loan which requires repayment in periodic amounts. Although it is not an essential part of a capital repayment mortgage, most mortgage companies insist that there is included in the package an element of ...

Andrew Arden, Andrew Dymond, 2012

Finding your way around loans and borrowing: Everything you ...

Repayment mortgage As the name suggests, a repayment mortgage involves repaying both the capital (money borrowed) and the interest charged on the outstanding amount. This amount is typically more than the interest only alternative, but ...

Freedom Finance

Reported Decisions of the Social Security and Child Support ...

Secondly, he had to transfer to Mrs Pabari his interest in the endowment policies that secured repayment of the existing mortgage. l5. By 200l, endowment mortgages had become unpopular and Mr Pabari obtained a repayment mortgage.

Great Britain: Office of the Social Security and Child Support Commissioners, Great Britain: Department for Constitutional Affairs, 2006

Personal Finance: A Practical Approach

Repayment mortgage Key term A repayment mortgage is one where both the interest and capital are repaid over the term of the mortgage. By the end of the mortgage term, the loan will have been repaid. A repayment mortgage is one where ...

Jane King, Mary Carey, 2013

Land Law Directions

repayment mortgage a type of mortgage arrangement under which the mortgagor repays both interest and capital each month interest-only mortgage a type of mortgage arrangement under which the mortgagor repays only interest each month ...

Sandra Clarke, Sarah Greer, 2012

3 NEWS ITEMS WHICH INCLUDE THE TERM «REPAYMENT MORTGAGE»

Find out what the national and international press are talking about and how the term repayment mortgage is used in the context of the following news items.

Buy-to-let: is an interest-only mortgage the best bet?

This sounds dangerous as it means the mortgage capital will never reduce. ... If you used a repayment mortgage charging the same rate your monthly payments ... «Telegraph.co.uk, Dec 14»

Moneysaving mortgage trick: pay an extra £150 per month now …

On a £200,000 repayment mortgage with a 25–year term at 4.5pc interest, the monthly repayment is £1,110 (so that's £13,300 a year). Over 25 years the total ... «Telegraph.co.uk, Nov 14»

Interest-only mortgage problem? The solutions explained

The Financial Conduct Authority (FCA) this week asked mortgage lenders to ... However, switching to a repayment mortgage will increase monthly payments. «Telegraph.co.uk, May 13»