You are here: Home - Remortgage -

Case study – Repayment mortgage

Written by:
Michael Fox, a 43 year-old human resources consultant from Lowestoft in Suffolk, opted for a repayment mortgage after visiting First Direct.
Case study – Repayment mortgage



“I previously had an interest-only mortgage but later found it to be unsuitable to my financial needs,” says Michael.

While trawling through different mortgage options, Michael asked his lender what deals it was offering.

“After having a discussion with First Direct, the lender said it could offer me a repayment mortgage, which enables me to pay off the capital and interest each month,” he explains.

“The main advantage of this is that by the end of the mortgage term I will have repaid my full debt.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2020-2021

Download our guide to the best mortgage lenders in the UK

Read More >