What repayment options are available?
A mortgage consists of two main components, the capital sum and interest. Interest is an amount of money charged by the lender advancing the mortgage, expressed as a percentage.
With a Skipton mortgage, subject to our criteria, you have a choice of repayment methods - repayment (also known as capital and interest), Interest Only, or a combination of both (Part and Part). Our Mortgage Advisers can talk you through the various options available and work out which one could be right for you.