Repayment Options
Standing Mortgages
A standing mortgage is where no arrangements are made at
the outset for the repayment of the loan. Obviously, at
the end of the term the borrower still has to repay the
loan. Lenders are not giving out loan finance indefinitely.
If a specific investment vehicle has not been arranged to
provide funds for this purpose, the borrower will have to
repay the loan by some other means. If the capital is not
repaid, the lender can repossess the property and sell it
to recover as much of the debt as possible.
For a variety of reasons, mortgage lenders can be relatively
unconcerned about the borrower's ability to repay the loan.
This can be the case for:
