Mortgage Payment OptionA Mortgage payment option needs to be considered in order to choose the method of the mortgage payment will be satisfied. A main mortgage payment option is the mortgage payment through a capital and interest mortgage. This mortgage payment option is sometime called a repayment mortgage. The other main mortgage payment option is the interest only mortgage. Your mortgage payment option should only be decided after a full appraisal of your attitudes to risk in order to ensure that whichever mortgage payment option is taken, it is the most affordable and suitable mortgage option to meet your needs. In considering the mortgage payment option, we start by asking the ultimate question and that is, do you require the guarantee that at the end of the term your mortgage will be fully paid off should you make all mortgage payments in full and on time. If the answer is yes then the only mortgage payment option for you is the capital and interest only mortgage as this is the only mortgage payment option which will provide a guarantee that at the end of the term the mortgage will be fully repaid. When looking at each mortgage payment option, if you can confirm that you are happy that the capital outstanding will be repaid from other sources, be that inheritance, sale of the property, overpayments or some form of investment vehicle be it a pension or an ISA, then an the interest only mortgage payment option may be the most suitable for you Sifting through the pros and cons of each mortgage payment option is extremely important and as ever, there are numerous choices and decisions to be made that should take into account your personal circumstances, needs and attitude to risk. Why not speak to one of our Mortgage Advisers for advice on mortgage features by calling 0845 3 630 430 or Enquire Online. | 
