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What is a Part Interest Only and Part Repayment method?

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What is a Part Interest Only and Part Repayment method?

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This is a combination of both Repayment and Interest Only mortgage. For example a loan of £50,000 could be made up of £30,000 Repayment and £20,000 Interest Only. So there would be a remaining balance of £20,000 at the end of your term.

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