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Annuity Mortgages
Annuity Mortgage
The traditional annuity mortgage used by most home purchasers. Every month the loan repayment is made up of a portion of interest and capital. By the end of the term the full amount of the loan along with interest will be paid off.
Advantages
Repays full loan amount within agreed term of loan
Up to 40 year terms available
Option of fixed, variable or tracker rates
Disadvantages
X None apparent
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Mortgages for First Time Buyers
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