Remortgage
The process of moving your mortgage without moving home. You take a
new mortgage with a different lender to pay off your old mortgage.
Repayment Mortgage
Also known as a Capital and Interest mortgage. Your monthly payments
pay off the interest and some of the capital borrowed. By the end of
the term of your mortgage you will have paid off all your mortgage debt.
Repayment Type
How you pay back your mortgage. See Repayment Mortgage or Interest
Only Mortgage .
Retention
Holding back part of a mortgage loan until any repairs to the property
are satisfactorily completed.
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