Site Map


Low start mortgage

The mortgage definition for Low start mortgage:

This is like a repayment mortgage, but with a difference. In the introductory period, only interest is paid back to the lender and not any of the capital outstanding. After this period, the repayments start in earnest. The total amount of interest and repayments over the life of the year are higher than with a normal repayment mortgage, but this sacrifice can be worth it if you need to severely restrict your outgoings during the low start period.

Similar Matches

Assumable mortgage

Assumable mortgage
A mortgage that can be transferred to another borrower.

Balloon mortgage

Balloon mortgage
A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.

Biweekly mortgage

Biweekly mortgage
A mortgage that requires payments every two weeks and helps repay the loan over a shorter term.

Further Suggestions

Blanket mortgage
Buy down mortgage
Cap & collar mortgage
Capped rate mortgage
Cashback mortgages
Chattel mortgage
Cooperative mortgages

Click to compare definitions of
Low start mortgage
Click to view definitions beginning lo
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.