Mortgage Knowledge Base
This refers to the repayment of a mortgage. Part and Part is a combination of both repayment and interest only mortgage.
EG a loan of £150,000 could be made up of £100,000 repayment and £50,000 interest only, so there would be a remaining balance of £50,000, to repay at the end of your mortgage term.
Our Guide to Types of Mortgage covers the different repayment methods, including part & part.
You will find more useful information in our article: “What are the different mortgage repayment methods?“
