Banking & Money Terms with "R"

Glossary of Banking & Money - Glossario Bancario & Monetario

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Remortgaging: it is when you switch the mortgage you have on your home from one lender to another without moving home. Most of our mortgage range is available if you're switching your mortgage from another lender without moving home.

Repayment: it is where you pay back some of the capital and interest, usually monthly. The amount you owe gradually reduces each month.