Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “repayment mortgage”

repayment mortgage

noun [C]
 
 
BANKING, PROPERTY
in the UK, a mortgage on which you pay back both the capital (= amount borrowed) and the interest: a 20-year/25-year, etc. repayment mortgage On a £100,000 25-year repayment mortgage, you'll pay £561 per month.take out a repayment mortgage I recommend that she takes out a repayment mortgage.
→ Compare endowment mortgage
(Definition of repayment mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of repayment mortgage?
Add Cambridge dictionaries to your browser to your website

Word of the Day

workmanship

the skill with which something was made or done

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More