With an interest only mortgage your payments cover the interest but you make no reductions in
the original amount borrowed.
With a repayment mortgage your payments cover the interest and you make reductions in the
initial amount borrowed.
Use our simple calculators to find out how much you can borrow and how much your mortgage will cost.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Lawn Lane Finance Limited - Authorised and Regulated by The Financial Services Authority and Registered in England number 5339655.
Your home may be repossessed if you do not keep up repayments on your mortgage.