A partial redemption is a part-payment made by the borrower to pay off a portion of their mortgage balance before the end of the loan term.
Partial redemptions can be made on a one-time or ongoing basis, and are applied to the borrower’s mortgage balance to reduce the debt. This has the consequence of reducing the interest charged, as the debt has reduced.
Before making a part-payment it is important to check whether any early repayment charges would apply.
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We aim to publish useful articles and content that explains your mortgage products and options, without the normal jargon.
Office 3357 - 321-323 High Road,
Chadwell Heath, Essex RM6 6AX
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Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. Respect Mortgages is a trading style of Respect Digital Limited. Registered office: Office 3357 321-323 High Rd, Romford, England, RM6 6AX