With interest only mortgages only the interest is actually paid off with each mortgage payment. But you do also need to have a 'repayment vehicle' in place to satisfy the lender that you can pay off the capital.
Repayment Mortgages Here the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest. Read about the advantages and disadvantages of this type of mortgage. Remortgages
Replace your existing mortgage with a new one. You can take out a mortgage at a lower interest rate thus reducing your monthly mortgage or loan payments. This is the most popular reason for remortgaging. Read about other reasons plus disadvantages. Buy-to-let Mortgages
As the housing market continues to inch ahead, so does the popularity of property as an investment. But if you're buying to let, it pays to do your sums beforehand. Flexible Mortgages
Flexible Mortgages are unlike the traditional UK mortgage model. A flexible mortgage is adaptable to fit your circumstances. You can overpay, borrow back overpayments, underpay, offset against current accounts and take payment breaks. Mortgage Calculator
This calculator will work out your monthly mortgage payments, whether your loan is interest-only or interest + repayments. It will also tell you what your total interest bill will be and at 5 year intervals. Mortgage Protection
You can protect your monthly mortgage payments against unemployment, sickness and accident disability with Mortgage Protection insurance. Mortgage Questions
Common questions about applying for a mortgage in the UK Commercial Mortgages
A commercial mortgage is probably the best way to finance the purchase of buildings and land for business purposes. Read our comprehensive guide. Self Build Mortgage
With house prices still continuing to rise, building your own home can often work out a much cheaper option. But it can some time be hard to finance the project, view our list of self-build mortgage providers. Compare Mortgages
You are probably a busy person who wants the best mortgage deal. But with limited time on yourhands, and an increasingly complex mortgage market, you need to turn to an independent broker you can trust. Excel Finance have access to hundreds of UK mortgage products and provide a quicl and professional service.