Mortgage Loans

Mortgages and Re-Mortgages Different Mortgage Types and Interest Rates
There are two fundamental types of mortgages available in the market today. One is a Capital Repayment Mortgage and the other is an Interest Only

CCC have many years experience in arranging this type of mortgage facility. Commercial loans also considered on a case-by-case basis. CCC Financial are UK based Licenced Credit Brokers.
CAPITAL REPAYMENT MORTGAGE - This is a mortgage where your normal monthly payments will comprise of two parts, the interest due on your account and a payment towards reducing the capital.

During the early stage of your mortgage the payments are predominately made up of interest, while in the later stages a higher percentage of the repayment contributes to repaying the capital.
In simple terms this means that each time you make a payment on your mortgage account the balance of your mortgage will reduce and providing all repayments are made on time, at the end of the mortgage term your mortgage will be paid off.

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