FINALLY – there are some circumstances when repayment mortgages aren’t always the best. Most buy-to-let loans are taken on interest-only terms, for example, because the tax breaks given to property investors make this more efficient. Among the owner-occupiers there are also a few occasions when repayment mortgages won’t make sense. Some people do have solid investment plans which they plan to cash in to clear their mortgages at some point in the future. As long as these investments grow on schedule then it can pay to just have an interest-only mortgage. Other people who earn big, regular bonuses at work may choose interest-only terms and simply clear a large slice of their debt every few years. But most home buyers are still reckoned to be best off taking the repayment route. You get absolute certainty that your mortgage will be repaid in full if you meet all your payments. But you get flexibility to alter things along the way if you want to. All in all, it’s the best and simplest deal in town.