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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.

Your home may be repossessed if you do not keep up repayments on your mortgage

Prudent Mortgages | CBX2 West Wing | 382/390 Midsummer Boulevard | Central Milton Keynes | MK9 2RG

Prudent Retirement Planning Limited is entered on the FSA register ssssssssssssssssssssssssssssssss under reference 458112