Means by which the mortgage capital is repaid. E.g. endowment plan, tax-free cash sum from pension.
the way you have decided to repay your mortgage, such as a pension, ISAs, endowments or capital and interest repayments.
The method in which a mortgage is repaid at the end of the term e.g. capital & interest, endowment, ISA, etc.
The way by which an interest-only mortgage is to be repaid at the end of its term. This could take the form of an endowment, ISA, tax-free lump sum from a pension or other types of investment. Payment method is sometimes also referred to as a ‘Payment Vehicleâ€(tm).
This is the way in which the mortgage is repaid at the end of the term. The repayment may be from an ISA, endowment or from a tax-free cash sum from a personal pension.
A means by which the mortgage capital is eventually repaid.